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CBDC Drive - NS - Canada

CBDC Drive

Last Update: July 22, 2025
NS, Canada
Loan for young entrepreneurs in Newfoundland and Labrador

At a glance

Eligible Funding
  • Max. $10,000
Timeline
  • Open Date : July 9, 2024
Financing Type
Loans and Capital investments
Eligible Industries
  • All industries
Funds Providers
Unspecified
Program status
Open

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.

Activities funded

Examples of admissible projects:
$ 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

Eligibility

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

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

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.
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.
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.
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.
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

1-888-303-2232
Apply to this program

Frequently Asked Questions about the CBDC Drive Program

Here are answers to the most common questions about the CBDC Drive. 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 Drive?

How much funding can be received?

What is the deadline to apply?

Is the CBDC Drive a grant, loan, or tax credit?

Who are the financial supporters of the CBDC Drive?

Who is eligible for the CBDC Drive program?

Who can I contact for more information about the CBDC Drive?

Where is the CBDC Drive available?

Are startups eligible for the CBDC Drive program?

Apply to this program

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