CBDC General Business Loan

Commercial Loans for businesses and entrepreneurs in Atlantic Canada

From just starting to existing or expanding businesses, CBDC wants to help. From small businesses to even larger ones, there are many times when a business may need a commercial loan. Perhaps you need to procure new machinery or equipment? Just getting started? No problem. Existing business? Maybe it’s time to upgrade your facilities/buildings. Possibly a loan is the only way for you to improve or expand your business to tap new market opportunities. Banks and other traditional lending institutions can often be unavailable to you. At the Community Business Development Corporation (CBDC) we will be able to help! The CBDC General Business Loan is just for these situations.

HOW CAN WE HELP?

Loans up to $150,000* may be available to eligible applicants. All loans are repayable and offer competitive repayment terms and interest rates. Financing can include a demand or term loan, a loan guarantee, or equity investment.

Loans will be secured, and can be from one to fifteen years, giving you the chance to develop your business while being free from financial burden.

NEED MORE INFORMATION?

CBDCs are always willing, able, and enthusiastic to help entrepreneurs do what they do best: run a thriving business!

DO YOU QUALIFY?

CBDC’s General Business Loan may be offered to businesses that meet the following qualifications:

• Entrepreneurs starting a business;
• Entrepreneurs or businesses purchasing a new or existing company in rural Atlantic Canada;
• Expanding an existing business;
• An existing company in need of working capital;
• Both year-round and seasonal businesses are eligible;
• Eligible business expenses may include: start-up, land and buildings, fixed assets, machinery and other equipment, fixtures and furniture, working capital (operating expenses). In some cases, vehicles strictly for business uses may also qualify;
• Franchise purchases and Leasehold improvements are also eligible;
• Potential borrowers must show a legitimate chance of economic viability. Employment creation and/or maintenance without negatively impacting existing area businesses are also a necessity.

* Please note:

• In certain circumstances, CBDCs can provide financial assistance that exceeds $150,000 per eligible borrower.
• CBDC services and programs may vary by region. Please ask your local CBDC office for the details in your area.
• Please discuss the application processing time with your business counsellor.
• Application processing times vary from CBDC to CBDC. Please consult your local CBDC for details.