What Can We Do to Help You?

The CBDC First Time Entrepreneur Loan offers up to $150,000* to qualified borrowers in Atlantic Canada. It’s available to sole proprietors, limited companies and partnerships (when majority control is resides with the new entrepreneur).

First Time Entrepreneur Loans are repayable, but have competitive interest rates and repayment terms. Financing may be term or demand loans, a loan guarantees, or equity investments.

Ready to Get Moving?

If you’re ready to move ahead with your business dreams and need financial assistance, please give one of our experienced and trained business advisors a call.

First Time Entrepreneur Loan Application Criteria

• Below is list of some of the requirements that must be meet by First Time Entrepreneur Loan applicants:
• You must be a new, first time entrepreneur living in a rural area of Atlantic Canada;
• Loan may be used for a business start-up, or to help buy an existing business;
• Both seasonal and year-round businesses may apply;
• The loan may be used for a variety of purposes: Start-up costs, fixed assets, working capital, buildings and land, furniture and fixtures, machinery or other types of equipment, and possibly vehicles used strictly for business operations;
• Franchise purchases and Leasehold improvements are also eligible;

*Please note:

• Please note, in certain circumstances, CBDCs can provide financial assistance that exceeds $150,000 per eligible borrower.
• Programs and services offered by CBDCs may vary by region. Please check the website or contact us for more information.