How much funding can be received?

Funds up to 150000% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the CBDC Social Enterprise Loan?

CBDC Social Enterprise Loan is funded by Community Business Development Corporations (CBDC)

What are CBDC Social Enterprise Loan's eligibility criterias?

Applicants must be officially registered non-profit organizations, including charities, cooperatives, or societies. The social enterprise and its operations must be located in rural areas of Atlantic Canada. Business operations should provide a realistic expectation of economic viability and job creation.

CBDC Social Enterprise Loan

grant_single|update January 24, 2025

NS, Canada

Loans for social enterprises in Atlantic Canada

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Loans and Capital investments

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Community Business Development Corporations (CBDC)

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Get a loan of up to $150,000 to start or improve a social enterprise in rural Atlantic Canada.

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This loan offers financial support to social enterprises in Atlantic Canada, with competitive terms for acquiring necessary business assets. The financing modalities are intended to facilitate the sustainability and expansion of these organizations.

Loans are available up to $150,000 per eligible applicant.
Funds may be utilized to purchase machinery, equipment, or other essentials for business operations.
Loan amortizations can be extended to a duration of up to ten years, subject to the lifespan of the acquired asset(s).
Potential for financial assistance exceeding $150,000, depending on specific circumstances.
The interest rates and repayment terms are competitive in nature.

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This grant supports the development and growth of social enterprises in Atlantic Canada's rural communities. It facilitates the purchase of assets and resources needed for social enterprises to start or expand their business operations.

Purchasing machinery necessary for business operations.
Acquiring equipment to enhance production capabilities.
Buying other essential items for continued business activities.
Renovating or upgrading existing business infrastructure.
Expanding current business operations to increase revenue generation.

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$ 150,000

Opening a zero-waste grocery store to promote sustainable living

$ 150,000

Opening a cooperative bakery to provide jobs for local residents

$ 130,000

Renovating a community center to include recreational facilities

$ 150,000

Upgrading an artisanal textile workshop to boost production capacity

$ 150,000

Expanding an eco-friendly farming cooperative facility

$ 150,000

Creating a tech hub to foster innovation and job creation

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The eligibility criteria for the CBDC Social Enterprise Loan are focused on the applicant's business form and location, as well as the intended use of funds.

The applicant must be a non-profit organization, including charities, cooperatives, or societies.
The social enterprise must be located in rural areas of Atlantic Canada.
Both new and existing social enterprises are eligible.
The loan can be used for starting a new social enterprise or expanding, renovating, or upgrading an existing one.
The business operations must demonstrate economic viability and sound business practices.
The social enterprise must facilitate job creation and maintenance in the community.

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Eligible applicants for the CBDC Social Enterprise Loan are officially registered non-profit organizations, including charities, cooperatives, or societies that require business support for revenue-generating operations. The key eligibility criteria are:- The Social Enterprise can be either new or existing.- Operations must be located in rural areas of Atlantic Canada.- The Social Enterprise must have a realistic expectation of economic viability and employ sound business practices.- The operations should contribute to job creation and maintenance in the community.

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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

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The CBDC Social Enterprise Loan supports projects aiming to enhance social and community development by expanding or improving their operational capabilities. Eligible activities focus on purchasing assets, carrying out renovations, and expanding existing enterprises in rural Atlantic Canada.

Purchase of machinery and equipment necessary for business operations.
Renovation of existing facilities to support social and community development goals.
Expansion of current social enterprise activities to increase revenue generation.
Upgrading assets to improve operational efficiency and sustainability.

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This grant is available to social enterprises operating in rural areas within Atlantic Canada. It aims to support the development and sustainability of communities in these regions.

Rural areas within the provinces of Newfoundland and Labrador.
Rural areas within the provinces of Prince Edward Island.
Rural areas within the provinces of Nova Scotia.
Rural areas within the provinces of New Brunswick.

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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.