CBDC Social Enterprise Loan
NS, Canada
Loans for social enterprises in Atlantic Canada
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
- grant_single|allIndustries
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 $150,000 to start or improve a social enterprise in rural Atlantic Canada.
grant_single_labels|projects
- Starting a new social enterprise business
- Expanding, renovating, or upgrading an existing social enterprise
- Creating social enterprises that provide economic viability, sound business practices, and job creation in rural Atlantic Canada communities
grant_single|admissibleProjectsExample
$150,000
Moncton
Expanding an eco-friendly farming cooperative facility.
$150,000
Halifax
Opening a cooperative bakery to provide jobs for local residents.
$130,000
Charlottetown
Renovating a community center to include recreational facilities.
$150,000
St. John's
Upgrading an artisanal textile workshop to boost production capacity.
$150,000
Fredericton
Opening a zero-waste grocery store to promote sustainable living.
$150,000
Saint John
Creating a tech hub to foster innovation and job creation.
grant_single_labels|admissibility
- Both new and existing Social Enterprise businesses are eligible to apply for this loan;
- Social Enterprises may be seasonal or year-round;
- The Social Enterprise and its operations must be located in rural areas of Atlantic Canada;
- Loans may be used to Start-up a new Social Enterprise or to expand, renovate, or upgrade an existing one;
- The Social Enterprise’s business operations should provide a realistic expectation of economic viability, ensure sound business practices, and facilitate job creation and maintenance in your community.
grant_eligibility_criteria|who_can_apply
Eligible types of companies for the CBDC Social Enterprise Loan in Atlantic Canada include non-profit organizations, charities, cooperatives, and societies located in rural areas. These entities can apply for loans to support their social enterprise development and business operations.
- Non-profit organizations
- Charities
- Cooperatives
- Societies
grant_eligibility_criteria|who_cannot_apply
There are certain types of companies that are not eligible for the CBDC Social Enterprise Loan:
- For-profit businesses
- Companies located outside of rural areas in Atlantic Canada
- Businesses not focused on social and community development objectives
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant include:
- Purchase of machinery and equipment
- Renovation of existing assets
- Expansion of social enterprises
grant_eligibility_criteria|zone
The eligible geographic zones for this grant are rural areas of Atlantic Canada.
- Rural areas in Atlantic Canada
grant_single_labels|criteria
There are evaluation and selection criteria for the CBDC Social Enterprise Loan grant:
- Applicants must be non-profits, charities, cooperatives, or societies in need of business support.
- Loan funds should be used for revenue-generating business operations that benefit rural areas of Atlantic Canada.
- The Social Enterprise should demonstrate economic viability, sound business practices, and a commitment to job creation and maintenance in the community.
- New and existing Social Enterprises, both seasonal and year-round, are eligible for the loan.
grant_single_labels|register
- Step 1: Check eligibility
- Step 2: Gather required documents and information
- Step 3: Complete the application form
- Step 4: Submit the application to CBDC
- Step 5: Await the decision on the loan application
grant_single_labels|otherInfo
CBDCs may provide financial assistance that exceeds $150,000 per eligible applicant in certain instances, and the programs and services delivered by CBDCs can vary by region.
- Financial assistance may exceed $150,000 per eligible applicant in certain cases.
- Programs and services delivered by CBDCs may vary by region.
grant_single_labels|contact
1-888-303-2232
Apply to this program
CBDC Social Enterprise Loan Grant Summary
Social Enterprise Loans provided by CBDC support non-profits, charities, cooperatives, and societies in Atlantic Canada to enhance their business operations. Loans up to $150,000 are available for asset purchases, renovations, and expansions.
CBDC Social Enterprise Loan Grant Overview
Community Business Development Corporation (CBDC) offers Social Enterprise Loans to organizations in Atlantic Canada aiming to generate income for social and community development. These loans, up to $150,000 per eligible applicant, help non-profits and cooperatives acquire assets and improve their business operations. The loans come with competitive interest rates and repayment terms, supporting the entrepreneurial spirit of social enterprises.
Social Enterprises are businesses that prioritize social and community goals alongside revenue generation. CBDC's support aims to create vibrant rural communities with sustainable economic growth. The loans can be used for purchasing machinery, equipment, or other essentials for business continuity.
Eligible Social Enterprises in rural Atlantic Canada can apply for financing to launch new ventures or enhance existing operations. Whether seasonal or year-round, the enterprises should demonstrate economic viability, sound business practices, and job creation potential in the community.
By fostering the development of social enterprises, CBDC contributes to building strong, economically stable communities. The loans support the enterprises in creating inclusive environments that benefit society as a whole. CBDC's commitment to social enterprise development emphasizes community well-being and economic growth in Atlantic Canada.
