Open
Source verified March 6, 2026
CBDC Kick$tart
Loan for young entrepreneurs in Newfoundland and Labrador
Funding available
Varies by project
Deadline
Open continuously
Opened July 9, 2024
Location
Nova Scotia, Canada
Who can apply
The KICK$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.
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 $10,000.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Develop a new product or service
- Complete an acquisition or business transfer
- Conduct research and development activities
Eligible Funding
- Varies by project
Eligible candidates
Eligible Industries
- All industries
Location
- Nova Scotia
Legal structures
- For-profit business
- Sole proprietorship
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Eligibility
Who is eligible?
The KICK$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
Selection criteria
There are evaluation and selection criteria for the KICK$TART Loan Program. The criteria include:
- Financial viability of the business plan
- Demonstrated market research and demand
- Qualifications and experience of the applicant
- Ability to repay the loan
- Potential for job creation and economic impact
How to apply
Here are the steps to apply for the KICK$TART Loan Program:
- Step 1: 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.
- Step 2: Prepare Business Plan
- Develop a comprehensive business plan outlining your business model and strategies.
- Include financial projections and market analysis.
- Step 3: Gather Supporting Documents
- Compile necessary documents such as personal identification, financial statements, and other relevant credentials.
- Ensure all documents meet the program’s requirements.
- Step 4: Complete the Loan Application
- Fill out the loan application form with accurate business and personal information.
- Ensure all sections are completed fully and truthfully.
- Step 5: 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.
- Step 6: Receive Confirmation
- Await confirmation of receipt from the program provider.
- Keep a record of any correspondence for future reference.
Additional information
Here are additional relevant details for this grant:
- The program offers personalized business advice through startup experts.
Contacts
Frequently Asked Questions about the CBDC Kick$tart Program
What is the CBDC Kick$tart?
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 $10,000.
Who is eligible for the CBDC Kick$tart program?
To be eligible for the CBDC Kick$tart program, you must:
Applicants must be looking to start a business.
Applicants should contact a startup expert for assistance.
Who can I contact for more information about the CBDC Kick$tart?
You can contact Community Business Development Corporations (CBDC) or by phone at 1-888-303-2232.
Where is the CBDC Kick$tart available?
The CBDC Kick$tart program is available the province of Nova Scotia.
Is the CBDC Kick$tart a grant, loan, or tax credit?
CBDC Kick$tart is a Loans and Capital investments
Who are the financial supporters of the CBDC Kick$tart?
CBDC Kick$tart is funded by Community Business Development Corporations (CBDC), Government of Newfoundland and Labrador (CBDC)