CBDC Kick$tart

Q: How much funding can be received?

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

Q: What is the deadline to apply?

The deadline to apply is not specified.

Q: Is the CBDC Kick$tart a grant, loan, or tax credit?

CBDC Kick$tart is a Loans and Capital investments

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

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

Q: 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.

Q: 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.

Q: Where is the CBDC Kick$tart available?

The CBDC Kick$tart program is available the province of NS.

Q: Are startups eligible for the CBDC Kick$tart program?

Yes, startups are eligible to apply for the CBDC Kick$tart program.

Last Update: July 22, 2025

NS, Canada

Loan for young entrepreneurs in Newfoundland and Labrador

At a glance

Eligible Funding

No Condition

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 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

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

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

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

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

1-888-303-2232

Apply to this program

Frequently Asked Questions about the CBDC Kick$tart Program

Here are answers to the most common questions about the CBDC Kick$tart. 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.