CBDC Social Enterprise Loan
Central to strong and sustainable community development is the creation of active and vibrant rural communities where people can live, work, and enjoy social activities right where they live.
- Community Business Development Corporations (CBDC)
Overview of the CBDC Social Enterprise Loan program:
The CBDC Social Enterprise Loan is designed to support social enterprises in rural Atlantic Canada. It provides funding for both new and existing businesses that operate seasonally or year-round. The loan can be used for start-up costs, expansion, renovation, or upgrades. Eligible businesses must demonstrate economic viability, sound business practices, and contribute to job creation and maintenance in their communities.
Benefits of the CBDC Social Enterprise Loan program:
- The CBDC offers loans of up to $150,000* per eligible applicant. (Loans are repayable with competitive interest rates and repayment terms).
Eligibility criteria of the CBDC Social Enterprise Loan program:
- Your social enterprise may qualify if it meets these criteria:
- Eligibility: Both new and existing businesses can apply.
- Type: Can operate seasonally or year-round.
- Location: Must be in rural areas of Atlantic Canada.
- Use of Funds: For starting, expanding, renovating, or upgrading the business.
- Economic Viability: Must demonstrate realistic expectations of economic success and job creation in the community.
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