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Cape Breton CBDC First-Time Entrepreneur Loan

Cape Breton-area CBDCs provide financing for first-time entrepreneurs launching or buying their first business.

About this program

CBDC's First-Time Entrepreneur Loan supports new business owners who need flexible repayable financing to launch or buy a first business. Cape Breton applicants can access financing and advisory support through their local CBDC when the project is viable and located in an eligible service area.

Eligibility

First-time entrepreneurs in eligible Cape Breton CBDC service areas may apply for business startup or acquisition financing.

Requirements

  • Applicant must be a first-time entrepreneur.
  • Business must be located in an eligible Cape Breton CBDC service area.
  • Applicant must submit a business plan and financing request.