CBDC Community Development Fund
grant_single|update January 24, 2025
NS, Canada
Financial assistance for Atlantic Canadian non-profit associations
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Other Support
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Community Business Development Corporations (CBDC)
grant_single|status
grant_card_status|open
grant_single_labels|preview
You could get bridge financing, or a loan of up to $225,000, if your non-profit organization is involved in community development.
grant_single_labels|terms_and_conditions
This grant provides financial support primarily through repayable loans, aiming to cater to the financial needs of both businesses and non-profit associations. The structured loan offerings are designed to facilitate business growth and community development initiatives effectively and sustainably.
- Additional financial assistance up to $225,000 in the form of repayable loans for businesses.
- Loan or bridge financing options available for non-profit associations.
grant_single_labels|projects
grant_single|admissibleProjectsExample
$ 90,000
Creating a food bank expansion project to serve more families
$ 120,000
Launching an after-school tutoring program for underprivileged students
$ 130,000
Purchasing solar panels for an energy cooperative
$ 70,000
Upgrading the IT infrastructure of a community health clinic
$ 85,000
Developing a new mobile app to improve accessibility for visually impaired users
$ 45,000
Expanding community garden operations and purchasing new equipment
grant_single_labels|admissibility
Eligibility for the Community Development Fund (CDF) loans includes specific criteria related to the type of organization applying.
- The applicant must be a business seeking additional financial assistance.
- The applicant may also be a non-profit association eligible for loans or bridge financing.
grant_eligibility_criteria|who_can_apply
The Community Development Fund (CDF) Loans are available to businesses seeking additional financial assistance, as well as to non-profit associations requiring loans or bridge financing in Canada.
grant_eligibility_criteria|who_cannot_apply
There are specific types of companies that are not eligible for this grant. Eligibility criteria may vary, but generally, the following types of businesses are not eligible:
- Businesses engaged in speculative activities
- Businesses that are not legally registered entities
- Businesses involved in illegal activities
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant include:
- Business expansion costs
- Capital investments
- Equipment purchases
- Operating costs
- Marketing and advertising expenses
grant_single_labels|criteria
There are evaluation and selection criteria for the Community Development Fund (CDF) grant. The criteria include:
- Business viability
- Job creation or retention
- Community economic development impact
- Financial need
grant_single_labels|apply
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grant_single_labels|otherInfo
Further relevant details for the Community Development Fund (CDF) include:
- The fund primarily targets projects that demonstrate strong community involvement and potential for significant local economic benefits.
- Fund applicants may be required to provide financial statements or business plans to assess the feasibility and impact of the proposed project.
- Applicants should plan for a detailed budget that outlines how the loan or financing will be allocated across different project components.
- There may be conditions attached to the loan repayment terms, which can vary based on the project's timeline and success.
- Successful applicants might gain access to networking opportunities and workshops aimed at maximizing the effectiveness of their funded projects.
grant_single_labels|contact
1-888-303-2232
Apply to this program
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