Open
CBDC Micro-Loan Program
Last Update: March 24, 2026
Shelburne, Nova Scotia, Canada
Micro-loan for Nova Scotia entrepreneurs
Loans and Capital investments
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.
At a glance
Funding available
Financing goals
- No objectives are currently available
Eligible Funding
- Maximum amount : 5,000 $
- Minimum amount : 500 $
Timeline
- Open continuously
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
Activities funded
- Starting a new business.
- Supporting the working capital needs of a small business.
Examples of admissible projects:
$ 5,000
Providing a boost in working capital for a local bakery to purchase new ovens
$ 5,000
Improving inventory management for a small art supply store with new software
$ 5,000
Opening a new craft coffee shop in downtown Shelburne with modern amenities
$ 5,000
Expanding an eco-friendly cleaning service with additional equipment
$ 5,000
Starting an artisanal candle making business with locally sourced materials
$ 5,000
Launching a mobile pet grooming service with state-of-the-art equipment
Eligibility
Eligibility for the CBDC Micro-Loan Program requires businesses to meet specific criteria.
- The loan is available for new entrepreneurs needing startup capital.
- Small business owners in need of working capital can apply.
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
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.
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.
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.
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.
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
shelburne@cbdc.ca
902-875-1133
