CBDC Youth Loan (PEI)
Repayable loan for young entrepreneurs aged 18-34 in rural PEI for business startup, expansion, or modernization.
About this program
The CBDC Youth Loan Program offers young entrepreneurs aged 18-34 in rural Atlantic Canada access to capital for business startup, expansion, or modernization. Financial options include demand and term loans, equity investments, or loan guarantees with competitive interest rates and repayment terms. CBDC can also help young entrepreneurs cover business management and training costs to ensure the venture starts on the right track. The program creates and maintains employment in rural Atlantic Canada.
Eligibility
Young entrepreneurs aged 18-34 in rural PEI (Western PEI, Central PEI, PEI East). Applicable for business startup, modernization, or expansion.
Requirements
- Aged 18-34 at application
- Living in rural PEI
- Business startup, modernization, or expansion plan