CBDC NB Small Business Emergency Working Capital Program
grant_single|update March 29, 2025
NS, Canada
Financial help for small businesses in NB
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|terms_and_conditions
This grant offers structured financing options to support small businesses impacted by COVID-19, focused on loans with specified interest rates and payment schedules.
- Working capital loans available up to $100,000 for eligible small businesses.
- No interest required for the first six months of the loan period.
- Interest payments at a rate of 4% per annum required from months 7-12.
- Principal and interest payments begin in month 13.
grant_single_labels|projects
This grant supports small businesses in New Brunswick impacted by the COVID-19 pandemic by providing working capital loans. The eligible activities focus on maintaining business operations and ensuring sustainability through financial relief.
- Maintaining day-to-day operations through accessible working capital.
- Mitigating the financial impact of the COVID-19 pandemic on business activities.
- Supporting liquidity for businesses in need of immediate financial assistance.
- Ensuring long-term viability and stability of affected small businesses.
grant_single|admissibleProjectsExample
$ 100,000
Adapt business operations for a self-employed photographer impacted by COVID-19 regulations
$ 100,000
Cover operational expenses for a seasonal tourism operator struggling due to COVID-19 restrictions
$ 100,000
Support operational expenses for a non-profit organization providing essential services amid the pandemic
$ 100,000
Expand kitchen operations for restaurant to include more delivery options amid COVID-19 pandemic
$ 100,000
Enhance digital presence for a service sector business adapting to COVID-19 changes
$ 100,000
Cover revenue losses for a seasonal ice cream shop impacted by COVID-19 restrictions
grant_single_labels|admissibility
Eligibility for the Small Business Emergency Working Capital Program is determined by specific requirements related to the business's status and impact from the COVID-19 pandemic.
- The business must be engaged in commercial enterprises employing 1 to 49 employees.
- The business must have sales for the most recent fiscal year of less than $10 million.
- The business must have experienced adverse effects from the COVID-19 pandemic on or after March 15, 2020, and have a reasonable plan or prospect to remain viable after the pandemic.
- The business must be a corporation, proprietorship, partnership, joint venture, or First Nation enterprise.
- The business must be registered with Service NB and have its primary place of operations in New Brunswick.
- If a corporation, the business must be in good standing as of January 1, 2020.
- The applicant must have been in good standing and current with their financial institutions and government remittances prior to the COVID-19 crisis, with no prior history of bankruptcy or default.
- The applicant must have explored options with their financial institution and federal support programs.
- The business must have been viable and not experiencing liquidity or other financial difficulties as of March 15, 2020.
- The business must not be engaged in an enterprise substantially funded directly or indirectly from public sources.
- The business must have been current as of March 1, 2020, to entities that extended financing to it and under any lease of premises or asset.
grant_eligibility_criteria|who_can_apply
The grant is aimed at small business owners in New Brunswick who have been impacted by the COVID-19 pandemic. Eligible applicants include small businesses engaged in commercial enterprises with 1 to 49 employees and sales of less than $10 million for the most recent fiscal year. Applicants must be registered with Service NB, in good standing as of January 1, 2020, and have been financially viable as of March 15, 2020. Only businesses not substantially public-funded and with operations primarily in New Brunswick are eligible. Furthermore, applicants should have no prior history of bankruptcy or default, and must have first explored other financial institutions and federal support avenues.
grant_eligibility_criteria|who_cannot_apply
This grant details mainly eligibility criteria but does not explicitly mention specific industries or company types that are ineligible. However, restrictions may implicitly exist based on the nature of funding and the historical financial standing required.
grant_eligibility_criteria|eligible_expenses
This grant provides financial support to small businesses in New Brunswick that have been adversely affected by the COVID-19 pandemic. Eligible activities are focused on sustaining operations and addressing immediate financial challenges brought about by the pandemic.
- Acquisition of working capital to maintain business operations.
- Relief from immediate financial strain due to the COVID-19 pandemic.
- Support for maintaining employment and operational capacity during and after the pandemic.
grant_eligibility_criteria|zone
This grant is available to small businesses located in specific areas within the province of New Brunswick. It aims to support the regional small businesses that have been adversely affected by the COVID-19 pandemic by providing financial relief.
- CBDC Chaleur
- CBDC Charlotte/Kings (greater Saint John area)
- CBDC Kent
- CBDC Madawaska
- CBDC Northumberland
- CBDC Peninsule acadienne
- CBDC Restigouche
- CBDC Southwest (greater Fredericton area)
- CBDC Victoria-Madawaska (Grand Falls)
- CBDC Westmorland Albert (greater Moncton area)
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|apply
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grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Interest will be charged at 4% per annum after a six-month interest-free period.
- It is available only to businesses in New Brunswick, excluding those in the public sector.
- The business must have been financially viable and not struggling with liquidity or financial distress as of March 15, 2020.
- Applicants should not have any prior history of bankruptcy or default and must have been in good standing prior to the pandemic.
- Principal and interest payments are required to start from the thirteenth month onwards.
- Applicants should have exhausted financial support options through their financial institution and federal programs before applying.
grant_single_labels|contact
1-888-303-2232
Apply to this program
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