Open
Source verified March 24, 2026
CBDC Micro-Loan Program
Micro-loan for Nova Scotia entrepreneurs
Funding available
$ 500 - $ 5,000
Deadline
Open continuously
Location
Shelburne, Nova Scotia, Canada
Who can apply
The CBDC Micro-Loan Program is designed for new entrepreneurs seeking startup capital and existing small business owners in need of additional working capital. The program offers unsecured micro-loans ranging from $500 to $5,000, making it accessible to a wide range of small business ventures, particularly those unable to secure traditional financing due to size or lack of collateral. With a focus on fostering entrepreneurship and supporting small businesses, the program appeals to individuals and entities looking to establish or grow their business operations in Shelburne and surrounding areas.
See full eligibility
Overview
Loans of $500 to $5,000 for Shelburne, Nova Scotia, entrepreneurs to fund a start-up or to get a boost in working capital.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Start a business
Eligible Funding
- Maximum amount : 5,000 $
- Minimum amount : 500 $
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Shelburne
- 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
Activities funded
- Starting a new business.
- Supporting the working capital needs of a small business.
Official resources
Eligibility
Who is eligible?
The CBDC Micro-Loan Program is designed for new entrepreneurs seeking startup capital and existing small business owners in need of additional working capital. The program offers unsecured micro-loans ranging from $500 to $5,000, making it accessible to a wide range of small business ventures, particularly those unable to secure traditional financing due to size or lack of collateral. With a focus on fostering entrepreneurship and supporting small businesses, the program appeals to individuals and entities looking to establish or grow their business operations in Shelburne and surrounding areas.Eligible expenses
Eligible expenses for this grant include:
- Startup money for new entrepreneurs
- Boost in working capital for small business owners
Eligible geographic areas
- Shelburne, Nova Scotia.
Selection criteria
There are evaluation and selection criteria for the CBDC Micro-Loan Program:
- Demonstrated need for financing
- Viability of the business plan
- Economic impact on the community
- Ability to repay the loan
- Entrepreneurial experience
How to apply
- Step 1: Contact CBDC-Shelburne
- Phone 902-875-1133 to discuss your need for a micro-loan and gather information about the application process.
- Request to speak to an advisor for guidance and support in applying for the loan.
- Step 2: Gather Required Information
- Prepare information about your business or business idea, including financial details and objectives.
- Ensure you have personal identification and business documentation ready.
- Step 3: Complete the Application Form
- Fill out the micro-loan application form provided by CBDC-Shelburne.
- Include all necessary details as advised by the CBDC representative.
- Step 4: Submit the Application
- Submit the completed application form along with required documents to CBDC-Shelburne by the advised submission method (e.g., in-person, email, or online).
- Ensure all parts of the application are thoroughly reviewed before submission.
- Step 5: Follow Up
- Contact CBDC-Shelburne to confirm receipt of your application and inquire about the next steps.
- Be prepared to provide additional information or clarification if requested by the CBDC advisor.
Additional information
The CBDC Micro-Loan Program offers additional benefits and options worth noting:
- Assistance from startup experts is available for new entrepreneurs seeking guidance.
- Loan terms are flexible and can be tailored to suit individual business needs.
- Interest rates are competitive, set at 2% above the prime rate.
- Both new and established business owners can benefit from the program.
Contacts
Frequently Asked Questions about the CBDC Micro-Loan Program Program
What is the CBDC Micro-Loan Program?
Loans of $500 to $5,000 for Shelburne, Nova Scotia, entrepreneurs to fund a start-up or to get a boost in working capital.
How much funding can be received?
CBDC Micro-Loan Program Funds up to $5,000 of admissible expenses.
Who is eligible for the CBDC Micro-Loan Program program?
To be eligible for the CBDC Micro-Loan Program program, you must:
Open to new entrepreneurs seeking startup funds.
Available for small business owners needing working capital.
What expenses are eligible under CBDC Micro-Loan Program?
Starting a new business.
Supporting the working capital needs of a small business.
Who can I contact for more information about the CBDC Micro-Loan Program?
You can contact Community Business Development Corporations (CBDC) by email at shelburne@cbdc.ca or by phone at 902-875-1133.
Where is the CBDC Micro-Loan Program available?
The CBDC Micro-Loan Program program is available the province of Nova Scotia.
Is the CBDC Micro-Loan Program a grant, loan, or tax credit?
CBDC Micro-Loan Program is a Loans and Capital investments