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What is CBDC?

As CBDCs, we assist in the creation of small businesses and Startups, and in the expansion and modernization of existing businesses by providing financial and technical services to entrepreneurs.

Financial assistance is available in the form of loans, loan guarantees and equity financing to existing and aspiring entrepreneurs and startups.
Business counselling, help & advice is available to small businesses and startups. We help businesses to succeed and therefore we give high priority to the advisory role of our mandate.
Entrepreneurship development and training to individuals and small business owners/managers is available in many of our offices.
Technical assistance usually takes the form of guidance and coaching, and sometimes advocating on behalf of our clients to other lending establishments or regulatory agencies.

TYPICALLY, OUR SERVICES ARE TARGETED TO ENTREPRENEURS WHO REQUIRE CUSTOMIZED FINANCING NOT NORMALLY AVAILABLE FROM TRADITIONAL SOURCES.

We are not-for-profit community-based organizations run by volunteers from the local business community who firmly believe in improving the economic viability of their communities.

OUR VOLUNTEER BOARD
Investment decisions are made by an independent Board of Directors sensitive to the needs of its community. The directors are volunteers from the business sector dedicated to helping make their community a better place in which to live and work.

The strength of the CBDCs is in our volunteer boards. They have an intimate knowledge of the local markets, the business environment and the people in their communities.

CBDC Victoria Madawaska-South

WHO ARE WE?

Located throughout rural New Brunswick, the 10 CBDC offices are there to help potential and existing entrepreneurs living in rural communities access capital and other business resources.
We are not-for-profit organizations run by volunteers from the local business community who firmly believe in improving the economic viability of their region.
We are high risk niche lenders who do not compete with conventional lenders, but work with those entrepreneurs who have difficulty securing capital through traditional sources.

OUR VOLUNTEER BOARDS

Investment decisions are made by an independent Board of Directors sensitive to the needs of its community. The directors are volunteers from the business sector dedicated to making their community a better place in which to live and work.

The strength of the CBDCs is in our volunteer boards. They have an intimate knowledge of the local markets, the business environment and the people in their communities.

List of Board Members

Francine Kanhai (President)
New Denmark (Vice-President)
Paul Ringuette (Secretary)
Theresa Ouellette (Treasurer)
Michael Bolster
Denis Daigle
Mia Givskud
Judy St-Peter
Marco Gagnon
Denise Lafrance-Dionne

Board of Directors Governance Policies

Loan Application Form

Personal Balance Sheet / Application for Financing

OUR STAFF
Each office is staffed with a team of professionals. They meet with people who are in various stages of the business cycle, reviewing business plans and making suggestions where warranted. They also continue to meet with clients on a regular basis to collect information, monitor progress and offer counselling and training opportunities when needed.

Need help starting a business? We can help.

Contact a startup expert