CBDC First-Time Entrepreneur Loan (New Brunswick)
Up to $150,000 in repayable loans for first-time entrepreneurs in rural New Brunswick.
About this program
Delivered by the Community Business Development Corporations (CBDCs) across rural New Brunswick with support from ACOA, the First-Time Entrepreneur Loan offers up to $150,000 to qualified borrowers who are new entrepreneurs in rural areas. Loans may be used for start-up costs, fixed assets, working capital, buildings and land, furniture and fixtures, machinery or equipment, vehicles used strictly for business, franchise purchases, and leasehold improvements. Financing may be structured as term or demand loans, loan guarantees, or equity investments.
Eligibility
Must be a new, first-time entrepreneur living in a rural area of Atlantic Canada (including rural New Brunswick). Available to sole proprietors, limited companies, and partnerships (when majority control resides with the new entrepreneur). Business must have reasonable expectation of economic viability and employment creation/maintenance.
Requirements
- New, first-time entrepreneur
- Live in a rural area of New Brunswick
- Sole proprietor, limited company, or partnership with majority control as new entrepreneur