Metro Business Opportunities Business Loan
Metro Business Opportunities provides business loans of up to $150,000 for startups, expansions, acquisitions, and growth projects in the St. John's metro region.
About this program
Metro Business Opportunities is a community business development organization serving the St. John's metropolitan region with repayable financing and advisory support. Its business loan program helps entrepreneurs and small businesses access capital for startup, expansion, equipment, working capital, leasehold improvements, and business acquisition when conventional financing is unavailable or insufficient. Applications are reviewed locally based on business viability, market opportunity, owner contribution, and repayment capacity.
Eligibility
Entrepreneurs and small businesses located in the Metro Business Opportunities service area, including St. John's, may apply for eligible startup, expansion, acquisition, equipment, or working capital financing.
Requirements
- Business must be located in Metro Business Opportunities' service area.
- Applicant must submit a business plan or project plan.
- Applicant must provide financial projections, project costs, ownership information, and other documents requested by MBO.