How much funding can be received?

Funds up to 100000% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the CBDC NB Small Business Emergency Working Capital Program?

CBDC NB Small Business Emergency Working Capital Program is funded by Community Business Development Corporations (CBDC)

CBDC NB Small Business Emergency Working Capital Program

NB, Canada

Financial help for small businesses in NB

grant_single_labels|menu_summary

grant_single_labels|menu_preview

grant_single_labels|menu_projects

grant_single_labels|menu_admissibility

grant_single_labels|menu_criteria

grant_single_labels|menu_register

grant_single_labels|menu_contact

grant_single_labels|summary

grant_single|eligibleFinancing

grant_single|maxCount

grant_single|deadlines

grant_single|timelineUnspecified

grant_single|financingType

Loans and Capital investments

grant_single|eligibleIndustries

Retail trade
Arts, entertainment and recreation
Accommodation and food services
Other services (except public administration)

grant_single|grantors

Community Business Development Corporations (CBDC)

grant_single|status

grant_card_status|open

grant_single_labels|preview

Get a loan of up to $100,000 to increase working capital and help your company respond to the COVID-19 economic challenges.

grant_single_labels|projects

Small businesses impacted by the COVID-19 pandemic in New Brunswick can apply for working capital loans up to $100,000 through the Small Business Emergency Working Capital Program. Eligible activities include:

Restaurants
Seasonal tourism operators
Service sectors
Self-employed business owners impacted directly by the pandemic

grant_single|admissibleProjectsExample

$100,000

Calgary

Adapt business operations for a self-employed photographer impacted by COVID-19 regulations

$100,000

Edmonton

Cover operational expenses for a seasonal tourism operator struggling due to COVID-19 restrictions

$100,000

Montreal

Support operational expenses for a non-profit organization providing essential services amid the pandemic

$100,000

Vancouver

Expand kitchen operations for restaurant to include more delivery options amid COVID-19 pandemic

$100,000

Toronto

Enhance digital presence for a service sector business adapting to COVID-19 changes

$100,000

Halifax

Cover revenue losses for a seasonal ice cream shop impacted by COVID-19 restrictions

grant_single_labels|admissibility

The grant supports small businesses impacted by the COVID-19 pandemic in New Brunswick by providing emergency working capital loans up to $100,000 with the first six months interest-free.
Eligibility criteria: - Business employing 1 to 49 employees with sales under $10 million. - Adverse effects due to COVID-19 since March 15, 2020. - Reasonable plan to stay viable post-pandemic. - Registered in New Brunswick with good standing as of January 1, 2020. - Good financial standing pre-COVID-19 with no history of bankruptcy. - Business not primarily funded from public sources. - Current with financial institutions and government remittances. - Not experiencing liquidity issues as of March 15, 2020.

grant_eligibility_criteria|who_can_apply

Small businesses such as restaurants, seasonal tourism operators, service sectors, and self-employed business owners impacted directly by the COVID-19 pandemic are eligible for the Government of New Brunswick Small Business Emergency Working Capital Program.

Restaurants
Seasonal tourism operators
Service sectors
Self-employed business owners impacted directly by the pandemic

grant_eligibility_criteria|who_cannot_apply

There are specific types of companies that are not eligible for the Government of New Brunswick Small Business Emergency Working Capital Program. These include:

Businesses substantially funded directly or indirectly from public sources

grant_eligibility_criteria|eligible_expenses

Eligible expenses for this grant include:

Working capital needs
Operational expenses
Business expansion costs
Costs related to adapting business operations due to COVID-19
Revenue losses due to the pandemic

grant_single_labels|criteria

There are evaluation and selection criteria for the Government of New Brunswick Small Business Emergency Working Capital Program. Small businesses must meet the following criteria:

Employ 1 to 49 employees with sales less than $10 million
Impacted by COVID-19 on or after March 15, 2020
Have a viable plan to remain operational post-pandemic
Be registered in New Brunswick and in good standing
No history of bankruptcy or default
Explore financial institution and federal support options
Not substantially funded by public sources
Current with financial obligations as of March 1, 2020

grant_single_labels|register

Step 1: Speak to your Financial Institution regarding options
- This step involves discussing potential financial solutions with your bank or lender
- Understanding available options and requirements for funding
Step 2: Look for federal programs
- Research and apply for other existing federal support programs
- Explore additional sources of financial assistance
Step 3: Put cash flow projections together for 6 months to assess Working Capital needs
- Prepare detailed cash flow projections for the next 6 months
- Analyze the financial requirements and working capital needs of your business

grant_single_labels|contact

1-888-303-2232

Apply to this program

Government of New Brunswick Small Business Emergency Working Capital Program Summary

Government of New Brunswick Small Business Emergency Working Capital Program Overview

The Government of New Brunswick, in collaboration with Community Business Development Corporations (CBDCs), offers the Small Business Emergency Working Capital Program to provide financial assistance to small businesses impacted by the COVID-19 pandemic. Eligible businesses, including restaurants, tourism operators, and self-employed individuals affected by the crisis, can apply for working capital loans up to $100,000. The program aims to support small businesses in navigating the challenges brought on by the pandemic.

Eligibility Criteria and Loan Details

To qualify for the program, businesses must employ 1 to 49 employees, have sales of less than $10 million in the most recent fiscal year, and demonstrate adverse effects due to the pandemic. Applicants must be registered with Service NB, have a viable plan for post-pandemic operations, and maintain good standing with financial institutions. The program offers a 4% annual interest rate, with no interest payments required for the first six months. After the initial period, interest payments are due in months 7-12, with principal and interest payments starting in month 13.

Application Process and Contact Information

To apply for the Small Business Emergency Working Capital Program, businesses can contact their local CBDC in New Brunswick. Various CBDC locations across the province are available to assist with applications and provide detailed eligibility information. Businesses in need of financial support can explore this program to access working capital and navigate the economic challenges posed by the COVID-19 pandemic.