Open
CBDC Drive
Loan for young entrepreneurs in Newfoundland and Labrador
Last Update: March 4, 2026
Funding available
$ 10,000
Timeline
- Open Date : July 9, 2024
Location
Nova Scotia, Canada
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.
/100
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 $
Timeline
- Open Date : July 9, 2024
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
2
Validate your eligibility
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
Contacts
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?
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.
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
Who are the financial supporters of the CBDC Drive?
CBDC Drive is funded by Community Business Development Corporations (CBDC)