CBDC Chaleur Future Entrepreneur Loan

Q: How much funding can be received?

CBDC Chaleur Future Entrepreneur Loan Funds up to 30% of admissible expenses, capped at $1500 per project.

Q: What is the deadline to apply?

The program is accepting continuous intake

Q: Is the CBDC Chaleur Future Entrepreneur Loan a grant, loan, or tax credit?

CBDC Chaleur Future Entrepreneur Loan is a Loans and Capital investments

Q: Who are the financial supporters of the CBDC Chaleur Future Entrepreneur Loan?

CBDC Chaleur Future Entrepreneur Loan is funded by Community Business Development Corporations (CBDC)

Q: Who is eligible for the CBDC Chaleur Future Entrepreneur Loan program?

To be eligible for the CBDC Chaleur Future Entrepreneur Loan program, you must: • Applicant must be between 14 and 19 years old from the Chaleur region. • Eligible to one family member only.

Q: Who can I contact for more information about the CBDC Chaleur Future Entrepreneur Loan?

You can contact Community Business Development Corporations (CBDC).

Q: Where is the CBDC Chaleur Future Entrepreneur Loan available?

The CBDC Chaleur Future Entrepreneur Loan program is available the province of NS.

Q: Are startups eligible for the CBDC Chaleur Future Entrepreneur Loan program?

Yes, startups are eligible to apply for the CBDC Chaleur Future Entrepreneur Loan program.

Last Update: July 22, 2025

NS, Canada

Loan for young entrepreneurs in New Brunswick

At a glance

Eligible Funding

Max. $1,500
Up to 30% of project cost

Timeline

Unspecified

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Funds Providers

Community Business Development Corporations

Program status

Open

Overview

If you are a prospective entrepreneur (19 years old or younger) in the Chaleur region of New Brunswick, you can get a loan of up to $1,500, with a possibility of being reimbursed 30% of the loan value.

Financing terms and conditions

The Future Entrepreneur Loan program offers accessible financing options for young entrepreneurs in the Chaleur region, facilitating their journey into business ownership. The modalities are designed to encourage entrepreneurship by providing favorable loan conditions and potential grants.

Loan amount of up to $1,500 available with 0% interest.
Flexible reimbursement schedule tailored to accommodate young entrepreneurs.
A grant up to 30% of the loan value, contingent upon certain conditions being met.

Activities funded

Creation and development of youth-led micro-enterprises.
Projects that provide practical work experience for young entrepreneurs.

Examples of admissible projects:

$ 1,500

Creating a youth-led book club app development project

$ 1,500

Starting an organic vegetable delivery service

$ 1,300

Launching a custom T-shirt printing business targeting local sports teams and events

Eligibility

Eligibility for this grant is determined by specific requirements related to the applicant's age, location, and family eligibility.

The applicant must be between 14 to 19 years old.
The applicant must be from the Chaleur region.
Only one family member is eligible for the program.

Who is eligible?

The Future Entrepreneur Loan program is designed for youth aged 14 to 19 from the Chaleur region who aspire to gain work experience by establishing their own micro-enterprise. The program targets emerging young entrepreneurs by providing financial support, fostering an entrepreneurial spirit, and promoting business start-up awareness and networking opportunities.

Eligible expenses

Eligible expenses for the Future Entrepreneur Loan include:

Startup costs for the micro-enterprise
Purchase of equipment and materials
Marketing and promotional expenses
Training and development costs
Other business-related expenses approved by CBDC Chaleur

Eligible geographic areas

This loan is specifically designed for youths in the Chaleur region. Eligibility is tightly connected to this geographic area to support local entrepreneurial development.

Youths aged 14 to 19 residing in the Chaleur region.

Selection criteria

The Future Entrepreneur Loan program offers support for youth entrepreneurs aged 14-19 in the Chaleur region. The selection criteria include repayment of the loan after 12 months and the submission of a final business report.

Repay the loan 12 months after start-up
Produce a final report detailing business operations

How to apply

Preliminary Inquiry

Contact the CBDC Chaleur at 548-5951 for detailed information about the application process.
Follow their social media for updates on #FutureEntrepreneurLoan.

Prepare Application

Collect necessary information and documents to demonstrate your business idea and how the loan will be utilized.
Ensure that the potential future entrepreneur and a supporting adult are involved in the planning process.

Application Submission

Submit the completed application form with all required documents to CBDC Chaleur.
Ensure that applications are submitted within any specified deadlines, as advised during the preliminary inquiry.

Apply to this program

Frequently Asked Questions about the CBDC Chaleur Future Entrepreneur Loan Program

Here are answers to the most common questions about the CBDC Chaleur Future Entrepreneur Loan. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.

What is the CBDC Chaleur Future Entrepreneur Loan?

How much funding can be received?

What expenses are eligible under CBDC Chaleur Future Entrepreneur Loan?

The CBDC Chaleur Future Entrepreneur Loan supports entrepreneurial ventures initiated by young individuals in the Chaleur region. While explicit types of eligible projects are not detailed, the emphasis is on creating micro-enterprises that offer practical work experience to the participants. Creation and development of youth-led micro-enterprises. Projects that provide practical work experience for young entrepreneurs.