CBDC General Business Loan (New Brunswick)
Up to $150,000 in general business loans for rural NB small businesses (startup, expansion, modernization).
About this program
CBDC General Business Loans provide up to $150,000 in repayable financing to support small and growing businesses in rural areas of New Brunswick. Loans can be used for start-up costs, business acquisitions, expansions or modernizations, fixed assets, working capital, machinery and equipment, furniture and fixtures, and other business needs. Financing options include term loans, demand loans, loan guarantees, and equity investments. CBDCs also provide counselling, training, and consulting to support borrowers.
Eligibility
Small and medium-sized businesses operating in rural New Brunswick. Eligible borrowers include sole proprietorships, limited companies, and partnerships. Business must have reasonable expectation of economic viability and employment creation or maintenance in their community.
Requirements
- Operating in rural New Brunswick
- Reasonable expectation of economic viability
- Business plan submission