TACC New Relationship Trust (NRT) Community Equity Match Grant
Highlights
Are you looking to establish, modernize, or expand your business in British Columbia? This program offers an equity match of up to $25,000, making it an excellent opportunity to get the financial support you need. With this funding, you can invest in critical areas of your business without the worry of repayment, since it's a grant and not a loan.
This program provides flexibility. It doesn't impose restrictions on revenue, employee count, or business structure. This accessibility means that whether you're a startup or an established business, you have the chance to benefit. The funding can be directed toward whatever your business needs the most, whether that's upgrading equipment, expanding your space, or launching a new service.
There's no complicated qualification process to navigate, making it easy to apply. By taking advantage of this grant, you'll set your business on a path for long-term growth and success. Don't miss out on this chance to elevate your business!
Financing Details
Get an equity match of up to $25,000 for your business project. This support is aimed at helping you establish, modernize, or expand your business.
Repayment Terms & Interest Rates:
- There is no repayment required for this equity match.
- As this is a funding opportunity rather than a loan, you won't have to pay back the amount awarded to you.
Eligible Expenses:
- Funds can be used for various expenses related to starting or growing your business. This includes:
- Equipment and inventory
- Marketing and promotional costs
- Renovations or improvements to your business location
Ineligible Expenses:
- Funds cannot be used for personal expenses or other unrelated business costs. This includes:
- Paying off personal debts
- Financing unrelated businesses
- Covering previous expenses incurred before receiving the funding
Fees:
- There are no fees associated with applying for or receiving this equity match. It's straightforward and designed to support your business without hidden costs.
Qualifications
- Location: Business must be based in British Columbia.
- Project Type: The business project must aim to establish, modernize, or expand the business.
- Funding Amount: Eligible for an equity match of up to $25,000.
- Employee Count: No minimum or maximum employee requirements.
- Revenue Requirements: No minimum or maximum revenue requirements.
- Legal Structure: All legal structures are applicable.
- Profit Structure: All profit structures are applicable.
Disqualifications:
- None specified in the provided context.
Description
You can receive an equity match of up to $25,000 for your business project in British Columbia. This funding is designed to help you establish, modernize, or expand your business. Whether you're starting fresh or looking to grow, this opportunity can provide the financial boost you need.
The great thing about this program is its flexibility. There are no restrictions on revenue, employee count, or business structure, meaning it’s accessible for almost any business in the community. This funding can be used in various ways to best suit your needs, so you have the freedom to invest where it matters most.
Best of all, there's no payback period involved with this funding. It’s a grant, which means you don’t need to worry about repayments later. This makes it a valuable resource for your business as you work towards growth and development. Take advantage of this grant to help your business thrive.
Program Steps
Gather the Required Documents: Prepare the following documents for your application:
- Business registration certificate
- A brief business plan outlining your project goals
- Financial statements (if applicable)
- Proof of equity contribution (funding or resources you will contribute to the project)
Complete the Application Form: Fill out the application form provided on the program website. Ensure all sections are filled out accurately.
Submit Your Application: Once your application form and documents are ready, submit them through the designated submission portal on the program website.
Await Confirmation: After submission, you will receive a confirmation acknowledgement.
Provide Additional Information if Requested: Be prepared to provide any extra details or documents if the program reviews your application and requires more information.
Receive Funding Decision: You will be notified of the funding decision. If approved, follow any instructions provided to access your grant.