CBDC Kick$tart
NL, Canada
Loan for young entrepreneurs in Newfoundland and Labrador
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Community Business Development Corporations (CBDC)
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grant_card_status|open
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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 $10,000.
grant_single_labels|projects
There are several projects or activities eligible for the KICK$TART Loan Program:
- Starting a new business
- Expanding an existing business
- Investing in new technology or equipment
- Developing innovative products or services
grant_single|admissibleProjectsExample
$10,000
St. John's
Launching a local organic juice bar in downtown St. John's.
$10,000
Corner Brook
Expanding a local artisan bakery in Corner Brook with new baking equipment.
$10,000
Mount Pearl
Developing an innovative mobile app for mental health support in Mount Pearl.
grant_single_labels|admissibility
Eligibility Criteria:
- Must be a Canadian citizen or permanent resident
- Must be starting a new business
- Must demonstrate financial need
grant_eligibility_criteria|who_can_apply
Some eligible types of companies for the KICK$TART Loan Program include:
- Start-ups
- Small businesses
- Entrepreneurial ventures
grant_eligibility_criteria|who_cannot_apply
There are specific types of companies that are not eligible for this grant.
- Companies in the tobacco industry
- Companies involved in speculative activities
grant_eligibility_criteria|eligible_expenses
- Cost of equipment and supplies
- Marketing and advertising expenses
- Professional services fees (e.g., legal or accounting)
- Rent or lease of business premises
- Salaries for new hires
grant_single_labels|criteria
There are evaluation and selection criteria for the KICK$TART Loan Program. The criteria include:
- Financial viability of the business plan
- Demonstrated market research and demand
- Qualifications and experience of the applicant
- Ability to repay the loan
- Potential for job creation and economic impact
grant_single_labels|register
- Step 1: Contact a startup expert
- Step 2: Discuss your business idea and funding needs
- Step 3: Prepare and submit your application
- Step 4: Await review and feedback from the program
- Step 5: Receive funding if your application is successful
grant_single_labels|contact
1-888-303-2232
Apply to this program
KICK$TART Loan Program Summary
Details of the KICK$TART Loan Program
The KICK$TART Loan Program is designed to assist individuals in starting a business by providing financial support in the form of loans. The program aims to help entrepreneurs kickstart their business ventures and turn their ideas into successful enterprises.
Eligibility Criteria
To be eligible for the KICK$TART Loan Program, applicants must meet certain criteria such as demonstrating a viable business plan, showcasing the potential for growth and sustainability, and being committed to the success of their business.
Application Process
Applying for the KICK$TART Loan Program involves submitting a detailed business proposal outlining the business concept, target market, marketing strategy, financial projections, and how the loan will be utilized to achieve business goals.
Benefits of the Program
The KICK$TART Loan Program offers benefits such as low-interest rates, flexible repayment terms, and personalized support from startup experts to help entrepreneurs navigate the challenges of starting a business successfully.
Impact on Entrepreneurs
By providing access to financial resources and guidance, the KICK$TART Loan Program has the potential to empower aspiring entrepreneurs, stimulate economic growth, and contribute to the development of innovative businesses in the Canadian economy.
