CBDC Youth Loan (New Brunswick)
Up to $150,000 for young entrepreneurs aged 18-34 in rural New Brunswick.
About this program
The CBDC Youth Loan Program provides repayable loans of up to $150,000 to young entrepreneurs aged 18-34 in rural Atlantic Canada (including New Brunswick) for business startup, expansion, or modernization. Loans can be used for start-up costs, fixed assets, working capital, leasehold improvements, and franchise purchases. The program also covers the cost of business management training. Financial options may include demand and term loans, equity investments, or loan guarantees. The goal is to help create and maintain employment in Atlantic Canada.
Eligibility
Young entrepreneurs aged 18-34 in rural areas of New Brunswick. Eligible borrowers may be sole proprietorships, limited companies, or partnerships (majority of care and control must reside with the new entrepreneur). Intended business operations must not have negative impact on existing area businesses, and business should have reasonable expectation of economic viability and employment creation.
Requirements
- Aged 18-34
- Operating in rural area of New Brunswick
- Sole proprietorship, limited company, or partnership with majority control