How Can We Help?

Loans up to $150,000* may be available to eligible applicants. All loans are repayable and offer competitive repayment terms and interest rates. Financing can include a demand or term loan, a loan guarantee, or equity investment.

All loans will be secured where appropriate, loans can be from one year to ten years which gives you time to grow your business without being financially stressed.

Need More Information?

CBDCs are always willing, able, and enthusiastic to help entrepreneurs do what they do best: run a thriving and successful business!

Eligibility Criteria

CBDC’s General Business Loan may be offered to businesses that meet the following qualifications:

• Entrepreneurs or businesses purchasing a new or existing company in rural Atlantic Canada;
• Expanding an existing business;
• An existing company in need of working capital;
• Both year-round and seasonal businesses are eligible;
• Eligible business expenses may include: start-up, land and buildings, fixed assets, machinery and other equipment, fixtures and furniture. In some cases, vehicles strictly for business uses may also qualify;
• Franchise purchases and Leasehold improvements are also eligible;

Potential borrowers must show a legitimate chance of economic viability. Employment creation and/or maintenance without negatively impacting existing area businesses is also a necessity.

Please note, in certain circumstances, CBDCs can provide financial assistance that exceeds $150,000 per eligible borrower.