CBDC Drive
NS, Canada
Loan for young entrepreneurs in Newfoundland and Labrador
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|openingDateJuly 09, 2024
- grant_single|grantStatusClosed
grant_single|financingType
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
If you're an entrepreneur under the age of 35 in Newfoundland and Labrador and you haven't been able to get funding from other sources, you can get a low-interest loan of up to $10,000.
grant_single_labels|projects
The KICK$TART Loan Program helps entrepreneurs in Canada by providing financial support to startups and fostering business development.
- Business plan development
- Market research and analysis
- Equipment purchasing
- Inventory acquisition
- Marketing and promotional activities
- Operational expenditures
grant_single|admissibleProjectsExample
$10,000
Launching a modern bakery specializing in gluten-free products
$10,000
Establishing a community garden project to enhance local food security
$10,000
Opening a tech startup focused on app development for mental health
$10,000
Launching a sustainable fashion boutique emphasizing eco-friendly materials
$10,000
Creating a digital marketing agency tailored to small businesses
grant_single_labels|admissibility
Eligibility criteria for this grant are :
- Be a Newfoundland and Labrador entrepreneur under 35 years of age
- Not have been able to obtain financing from other sources
grant_eligibility_criteria|who_can_apply
The information related to the evaluation and selection criteria for the KICK$TART Loan Program is not provided in the given context. Typically, such programs may evaluate based on business viability, financial projections, and alignment with economic development goals, but no specific criteria are mentioned here.
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant include:
- Startup costs
- Equipment purchases
- Marketing and advertising expenses
- Operating expenses
grant_eligibility_criteria|zone
The KICK$TART grant is for entrepreneurs under 35 in Newfoundland and Labrador.
grant_single_labels|criteria
Evaluation and selection criteria for the KICK$TART & Drive grant in Canada may include:
- Being under 35 years of age
- Be an entrepreneur in Newfoundland and Labrador
- Have been unable to obtain financing from other sources
- Demonstrate financial need to start a business
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Initial Inquiry
- Contact a startup expert for guidance on the KICK$TART Loan Program.
- Gather preliminary information about the loan requirements and program specifics.
- Step 2: Application Preparation
- Prepare a detailed business plan outlining your startup idea, expected outcomes, and financial projections.
- Gather all necessary documents such as personal identification, business registration, and financial statements.
- Step 3: Contact CBDC
- Find your nearest Community Business Development Corporation (CBDC) using the "Find My CBDC" option.
- Schedule a meeting with a CBDC representative to discuss your application and business plan.
- Step 4: Submit Application
- Submit your completed application and business plan to the local CBDC.
- Ensure all forms are filled correctly and that all required documentation is included.
- Step 5: Confirmation and Follow-up
- Receive confirmation of application receipt from CBDC.
- Follow up with the CBDC for any additional information or steps needed.
grant_single_labels|contact
1-888-303-2232
Apply to this program
Kickstart Your Business with the KICK$TART Loan Program
The KICK$TART Loan Program is designed to support aspiring entrepreneurs looking to start their own business by providing essential financial assistance. This program aims to empower startup founders with the resources they need to successfully launch and sustain their business ventures.
In-depth Overview of the KICK$TART Loan Program
The KICK$TART Loan Program serves as a critical lifeline for entrepreneurs eager to establish their businesses across various sectors. Tailored specifically for startups, this program provides financial aid in the form of easily accessible loans that help cover the initial costs associated with launching a business. Whether it's for purchasing equipment, securing inventory, or covering operational expenses, the KICK$TART Loan Program is structured to address a wide array of financial challenges that new businesses face in their early stages.
The program is specifically targeted towards those who have a viable business plan but lack the necessary capital to bring their ideas to fruition. By bridging this gap, the program not only facilitates immediate business needs but also lays down a sustainable financial foundation for long-term growth and success. An important aspect of this program is its commitment to empowering small business owners by making financial support more accessible through its streamlined application process.
Applicants benefit from a simplified process that eliminates the complexities often associated with traditional lending systems. The focus is on ease of access and clarity, ensuring that applicants are well-supported throughout the application process. Each potential recipient is evaluated on the merits of their business plan, the potential for job creation, and the prospective contribution of their business to the local economy.
In addition to funding, the KICK$TART Loan Program connects entrepreneurs with experienced startup experts who provide invaluable professional advice and mentorship throughout the business development journey. This support network is instrumental not only in creating robust business plans but also in navigating the typical hurdles encountered by startups, ensuring that the businesses are structured for resilience and competitive advantage in their respective industries.
Another noteworthy feature of this program is its commitment to fostering entrepreneurship in diverse communities across Canada. By promoting inclusivity and targeting underrepresented groups, KICK$TART plays a crucial role in building a diverse economic landscape and bringing innovative ideas to life. The program's holistic approach ensures that all entrepreneurs, regardless of their background, have the opportunity to benefit from both financial support and expert guidance.
The impact of the KICK$TART Loan Program extends beyond individual businesses to the broader Canadian economy. By enabling more startups to succeed, the program not only stimulates economic growth but also enhances job creation and innovation. The cumulative effect contributes to a more vibrant and resilient economic ecosystem that stands up to global competition.
Overall, the KICK$TART Loan Program is a cornerstone initiative for aspiring Canadian entrepreneurs, offering the essential financial support and expert resources necessary for transforming entrepreneurial ideas into successful business ventures. Entrepreneurs seeking to launch their business with a solid start can rely on this program to help navigate the initial challenges and pave a path towards profitability and sustainable growth.
