The Seed Capital Program, a community based initiative made available by the Community Business Development Corporations (CBDCs) and other community led organizations, provides loans to start, expand or improve a small business, as well as acquire business skills training.
Making It your Business
More Atlantic Canadians are starting their own businesses than ever before, and it's not hard to see why. Being an entrepreneur offers independence, the chance to make your own decisions and do things your own way, and the potential for tremendous rewards.
The Atlantic Canada Opportunities Agency (ACOA) provides contributions to CBDCs and other organizations to help Atlantic Canadians acquire the business skills and capital they need to start, modernize and expand their businesses through the Seed Capital Program.
Seed Capital Program
The Seed Capital Program provides loans to start, expand or improve a small business, as well as acquire business skills training.
- A maximum of $20,000 is available per applicant in the form of a repayable, unsecured personal loan with flexible interest and repayment terms.
- A maximum of $2,000 is available per applicant for specialized training and business counselling.
Eligibility
Applicants must reside in Atlantic Canada
Applicants must be the majority owners of their businesses
Applicants under 35 years of age may use the loan to start-up, expand or modernize a business
Applicants 35 years of age and older may use the loan to start a new business only
The loan may be used to leverage other investments
The loan cannot be used to purchase an existing business
The loan cannot be used for refinancing existing debts or business restructuring
More Information
For more information on the Seed Capital Program, please contact the Canada Business nearest you at:
1-888-576-4444
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