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CBDC Social Enterprise Loan and Financing in Atlantic Canada

Social enterprise development has always been one of the primary objectives of the Community Business Development Corporation (CBDC). Central to strong and sustainable community development is the creation of active and vibrant rural communities where people can live, work, and enjoy social activities right where they live. CBDCs are proud to support the development and growth of Social Enterprises by helping to arrange loans and financing and by providing access to other business development services and resources.

Social Enterprises are businesses or organisations that produce and/or sell goods and services to generate income to support and sustain social and community development goals. This may consist of many different forms, such as a non-profit organisation, a cooperative or a membership organisation. Social Enterprise Loans and financing is available to non-profits, including charities, cooperatives and societies in need of business support (in form of a loan or loan guarantee). Social Enterprise Loans are specifically intended to provide financial support for revenue generating business operations of officially registered non-profit organizations.

The CBDC offers loans of up to $150,000 per eligible applicant. (Loans are repayable with competitive interest rates and repayment terms).

The Social Enterprise Loan may be used to purchase machinery, equipment or other items necessary for continued business operations.

Loan amortizations of up to ten years are available. This is based on the life expectancy of the asset(s) the Social Enterprise is using the funds to acquire.

To learn more and inquire about eligibility follow the link below and find your local CBDC contact.
http://www.cbdc.ca/en/programs/cbdc-social-enterprise-loan

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