Organic Certification Rebate Program
Highlights
This program is designed specifically for businesses like yours. It offers up to $1,000,000 in financing to help you make essential purchases and investments. Additionally, you can receive an extra $150,000 for software or daily operating costs.
What You Get
- Up to $1,000,000 in financing
- $150,000 for software or operating costs
The funds can be used for:
- Operating expenses
- Restorations
- New equipment
- Software
- And much more
The key difference between this loan and others is that it is backed by the government. You have the flexibility to choose how you pay it back, with up to 15 years to do so. This makes it a more secure and manageable option for your business.
Financing Details
Type of Financing: Grant
Eligible Expenses:
- Equipment purchases
- Leasehold improvements
- Research and development costs
- Marketing and promotional activities
- Training and development programs
Use of Funds:
- Funds can be used to cover costs directly related to the eligible expenses listed above.
- Funds cannot be used for debt repayment, personal expenses, or any activities not directly related to the business operations.
Fees:
- No application fees
- No processing fees
- No hidden charges
Qualifications
- Must be a business operating in Nova Scotia.
- Must be engaged in agriculture or related activities.
Must meet specific program criteria related to the agricultural sector.
Disqualifications:
- Businesses not located in Nova Scotia.
- Businesses not involved in agriculture or related activities.
Description
This program offers up to $1,000,000 to support your business. You can use up to $500,000 of this amount to buy equipment or improve your business space.
Eligible expenses include:
- Commercial kitchen appliances
- Manufacturing machinery
- Computers and IT infrastructure
- Renovating a retail space
For other costs like software or operational expenses, you can receive up to $150,000.
Key benefits:
- The federal government guarantees 85% of the loan, providing a safety net.
- You can apply the loan to significant purchases made in the last 365 days.
- Flexible repayment options: choose a variable interest rate, a fixed rate, or a combination.
- Up to 15 years to repay the loan, regardless of how you use the funds.
This program is a great opportunity to invest in your business's growth and stability.
Program Steps
Gather Required Documentation:
- Business registration documents
- Financial statements (last 2 years)
- Business plan
- Tax returns (last 2 years)
- Identification documents for business owners
- Any additional documents specific to your industry
Complete the Application Form:
- Download the application form from the official website.
- Fill out all required fields accurately.
- Ensure all information matches the documentation provided.
Prepare a Detailed Proposal:
- Outline how the program will benefit your business.
- Include a budget and timeline for the proposed activities.
- Highlight any expected outcomes or improvements.
Submit the Application:
- Review the completed application and attached documents.
- Submit the application through the designated online portal or mail it to the specified address.
Follow Up:
- Confirm receipt of your application.
- Monitor any communications for additional information requests.
- Be prepared to provide further details if needed.
Await Approval:
- The review process may take several weeks.
- Stay informed about the status of your application.
Implement the Program:
- Once approved, follow the guidelines provided.
- Use the funds or resources as outlined in your proposal.
- Keep records of all expenditures and progress.
Report Outcomes:
- Submit any required progress reports.
- Provide documentation of how the program has benefited your business.
- Comply with any follow-up requirements from the program administrators.