Open
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CBDC Drive
Loan for young entrepreneurs in Newfoundland and Labrador
Funding available
$ 10,000
Deadline
Opened July 9, 2024
Location
Nova Scotia, Canada
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.
See full eligibility
Overview
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.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Complete an acquisition or business transfer
- Conduct research and development activities
Eligible Funding
- Maximum amount : 10,000 $
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Nova Scotia
Legal structures
- Sole proprietorship
Annual revenue
- $ 4,000,000 maximum revenue
Organisation size
- All organization sizes
Audience
- Startups
Next Steps
1
Determine your project
Availability timeline
2025
Periods: 1
Sources and recorded changes
- Record updated
A captured source change or record update does not confirm eligibility. Check the funder’s current rules before applying.
Eligibility
Who is eligible?
The information related to the evaluation and selection criteria for the KICK$TART Loan Program is not provided in the given context. Typically, such programs may evaluate based on business viability, financial projections, and alignment with economic development goals, but no specific criteria are mentioned here.
Eligible expenses
Eligible expenses for this grant include:
- Startup costs
- Equipment purchases
- Marketing and advertising expenses
- Operating expenses
Selection criteria
Evaluation and selection criteria for the KICK$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
How to apply
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.
Contacts
Frequently Asked Questions about the CBDC Drive Program
What is the CBDC Drive?
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.
How much funding can be received?
CBDC Drive Funds up to $10,000 of admissible expenses.
Who is eligible for the CBDC Drive program?
To be eligible for the CBDC Drive program, you must:
No specific eligibility criteria provided in the context for the CBDC Drive grant.
What expenses are eligible under CBDC Drive?
Eligible expenses for this grant include:
Startup costs
Equipment purchases
Marketing and advertising expenses
Operating expenses
Who can I contact for more information about the CBDC Drive?
You can contact Community Business Development Corporations (CBDC) or by phone at 1-888-303-2232.
Where is the CBDC Drive available?
The CBDC Drive program is available the province of Nova Scotia.
Is the CBDC Drive a grant, loan, or tax credit?
CBDC Drive is a Loans and Capital investments