Impact Your Business — Start-Up Loans
Canada
Loans for entrepreneurs in urban 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
- Impact Atlantic
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get a low-interest loan of up to $25,000 to start a business in St. John's, Halifax, Moncton, Saint John, Fredericton or Charlottetown.
grant_single_labels|projects
There are diverse projects and activities eligible for the Impact loan, such as:
- Business start-up funding
- Expansion financing for established businesses
grant_single|admissibleProjectsExample
$25,000
Charlottetown
Expand a digital marketing agency focusing on local businesses
$25,000
Saint John
Start an artisanal coffee shop focused on local coffee roasters
$25,000
St. John's
Establish a community wellness center in St John's focusing on mental health services
$22,000
Halifax
Launch an eco-friendly boutique specializing in sustainable clothing and accessories
$25,000
Fredericton
Create a new tech startup focusing on cybersecurity software development
$25,000
Moncton
Expand a local organic farm to include an on-site farmer's market
grant_single_labels|admissibility
Eligibility criteria for the Impact loan:
- Entrepreneurs of all ages can apply for a business start-up loan.
- Established business owners between 19 and 39 years old can avail of expansion financing.
- Available for small and medium-sized businesses in urban Atlantic Canada.
grant_eligibility_criteria|who_can_apply
There are specific types of companies eligible for the Impact loan:
- Small and medium-sized businesses in urban Atlantic Canada
- Entrepreneurs of all ages for start-up loans
- Established business owners aged 19 to 39 for expansion financing
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant include:
- Business start-up costs
- Expansion financing
- Marketing strategy development
- Human resources training
- Accounting services
- Business planning expenses
grant_single_labels|criteria
There are evaluation and selection criteria for the Impact loan:
- Demonstrated need for financing and a viable business plan
- Evidence of entrepreneurial spirit and commitment to the business
- Potential for long-term business success and positive economic impact
- Ability to meet repayment terms and use funds responsibly
grant_single_labels|register
- Step 1: Complete the application form online with all required information
- Content: Fill out the application form with personal and business details
- Implications: Ensures all necessary information is provided for the loan application process
- Step 2: Submit the application for review by Impact
- Content: Send the completed application form to Impact for assessment
- Implications: Initiates the evaluation process to determine eligibility for the loan
- Step 3: Attend training sessions to gain essential business knowledge
- Content: Participate in Impact's training sessions covering various business topics
- Implications: Enhances business skills and understanding to support entrepreneurial success
- Step 4: Receive approval and funding from Impact
- Content: Upon approval, receive the loan funds from Impact
- Implications: Access financial support to start or expand your business
Apply to this program
