How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the CBDC Kick$tart?

CBDC Kick$tart is funded by Community Business Development Corporations (CBDC)

What are CBDC Kick$tart's eligibility criterias?

Applicants must be looking to start a business. Applicants should contact a startup expert for assistance.

CBDC Kick$tart

Last Update: March 29, 2025

NS, Canada

Loan for young entrepreneurs in Newfoundland and Labrador

CBDC Kick$tart at a glance

Eligible Funding

No Condition

Timeline

Open Date : July 9, 2024

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Grant Providers

Community Business Development Corporations (CBDC)

Status

Open

Overview of the CBDC Kick$tart program

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.

Eligible projects & activities

Examples of admissible projects:

$ 10,000

Launching a local organic juice bar in downtown St John's

$ 10,000

Developing an innovative mobile app for mental health support

$ 10,000

Expanding a local artisan bakery with new baking equipment

Eligibility criteria of the CBDC Kick$tart program

Eligibility Criteria:

Must be a Canadian citizen or permanent resident
Must be starting a new business
Must demonstrate financial need

Who is eligible?

The KICK$TART Loan Program is designed to assist individuals and startups in Canada seeking financial support to start a business. Potential applicants are those who demonstrate a viable business idea and the ability to repay the loan. Typically, startups in the ideation stage or early development phase could benefit from this program. Specific sectors or business types are not indicated, suggesting the program may be open to a broad range of business ventures.

Who is not eligible

There are specific types of companies that are not eligible for this grant.

Companies in the tobacco industry
Companies involved in speculative activities

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

Eligibility criteria of the CBDC Kick$tart program

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

How to apply to the CBDC Kick$tart program

Contact Startup Expert

Reach out to a startup expert through the program’s contact information.
Discuss your business idea and get initial guidance on the application process.

Prepare Business Plan

Develop a comprehensive business plan outlining your business model and strategies.
Include financial projections and market analysis.

Gather Supporting Documents

Compile necessary documents such as personal identification, financial statements, and other relevant credentials.
Ensure all documents meet the program’s requirements.

Complete the Loan Application

Fill out the loan application form with accurate business and personal information.
Ensure all sections are completed fully and truthfully.

Submit the Application

Submit your application and all supporting documents to the program provider, following the instructions provided during your consultation.
Confirm that all elements of the application are included and complete.

Receive Confirmation