Open
Impact Your Business — Expansion Financing
Loans for young entrepreneurs in urban Atlantic Canada
Last Update: March 3, 2026
Funding available
$ 25,000
Timeline
- Open continuously
Location
Nova Scotia, Canada
Overview
Get a low-interest loan of up to $25,000 to grow or expand your business if you are a young entrepreneur between 19 and 39 years of age in St. John's, Halifax, Moncton, Saint John, Fredericton or Charlottetown.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Reduce environmental footprint
- Launch or market a product/service
Eligible Funding
- Maximum amount : 25,000 $
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- All industries
Location
- Nova Scotia
Legal structures
- All legal structures
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Canadians
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
This grant primarily supports the expansion and growth of small and medium-sized businesses in urban Atlantic Canada. It is intended to provide financial assistance to help businesses achieve their goals and enhance their operational capabilities.
- Facilitation of business expansion through low-interest financing.
- Support for innovative business ideas that may not qualify for traditional bank loans.
- Provision of business skills development opportunities through training sessions.
- Assistance in building sustainable business practices with ongoing support and advice.
- Development of marketing strategies and human resources plans.
- Improvement of accounting and planning practices for business growth.
Eligibility
Who is eligible?
Entrepreneurs of all ages in urban Atlantic Canada are eligible to apply for the Impact loan to start a new business. Additionally, established business owners aged between 19 and 39 years can apply for expansion financing. Candidates are individuals seeking to launch a business or enhance their current operations through flexible financial solutions offered by Impact.Eligible expenses
This grant supports young entrepreneurs and established business owners in urban Atlantic Canada in their efforts to start or expand their businesses. The eligible activities focus on providing financial resources and skills development to help businesses thrive.
- Start-up funding for new businesses initiated by entrepreneurs of all ages.
- Expansion financing for established businesses owned by individuals aged between 19 and 39.
- Access to business skills development sessions for loan recipients.
Eligible geographic areas
This grant is available to companies in urban Atlantic Canada. The funding aims to support regional business growth and skills development.
- Businesses located in urban Atlantic Canada.
Additional information
Here are additional relevant details for this grant:
- Impact loans offer more flexibility than traditional bank loans, accommodating varied credit histories and unconventional business ideas.
- Impact clients have access to ongoing business support and advisory services throughout their entrepreneurial journey.
- Training sessions offered by Impact cover essential business topics like marketing strategy, human resources, accounting, and planning.
- The application process is designed to be fast and straightforward, minimizing delays for entrepreneurs eager to advance their business goals.
- There is no penalty for early repayment of the principal, providing financial flexibility for borrowers.
Frequently Asked Questions about the Impact Your Business — Expansion Financing Program
Here are answers to the most common questions about the Impact Your Business — Expansion Financing. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Impact Your Business — Expansion Financing?
Get a low-interest loan of up to $25,000 to grow or expand your business if you are a young entrepreneur between 19 and 39 years of age in St. John's, Halifax, Moncton, Saint John, Fredericton or Charlottetown.
How much funding can be received?
Impact Your Business — Expansion Financing Funds up to $25,000 of admissible expenses.
Who is eligible for the Impact Your Business — Expansion Financing program?
To be eligible for the Impact Your Business — Expansion Financing program, you must:
Businesses must be small or medium-sized enterprises located in urban Atlantic Canada.
What expenses are eligible under Impact Your Business — Expansion Financing?
This grant primarily supports the expansion and growth of small and medium-sized businesses in urban Atlantic Canada. It is intended to provide financial assistance to help businesses achieve their goals and enhance their operational capabilities. Facilitation of business expansion through low-interest financing.
Support for innovative business ideas that may not qualify for traditional bank loans.
Provision of business skills development opportunities through training sessions.
Assistance in building sustainable business practices with ongoing support and advice.
Development of marketing strategies and human resources plans.
Improvement of accounting and planning practices for business growth.
Where is the Impact Your Business — Expansion Financing available?
The Impact Your Business — Expansion Financing program is available the province of Nova Scotia.
Is the Impact Your Business — Expansion Financing a grant, loan, or tax credit?
Impact Your Business — Expansion Financing is a Loans and Capital investments
Who are the financial supporters of the Impact Your Business — Expansion Financing?
Impact Your Business — Expansion Financing is funded by Impact Atlantic