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the years, CBDCs (in partnership with the Atlantic Canada Opportunities
Agency) have invested in the dreams and ideas of thousands of
entrepreneurs - offering financial help and advice, counseling,
and planning to their clients.
CBDCs offer
customized financing under flexible terms to individuals and
small or medium sized businesses throughout rural Nova Scotia.
Anyone seeking to start or purchase a new or existing business
can apply for a loan up to a maximum of $150,000.
To be approved for a loan, individuals must meet the following
criteria:
- Applicants must show that their business idea has reasonable
chance of viability by demonstrating that a demand exists
for its product and/or service.
- They must have related skills and an acceptable credit
history.
- They must be willing to invest, or have already invested,
a reasonable amount of personal equity into the business.
- Applicants must provide acceptable security for the loan
and an employment position must be created or maintained.
To apply, individuals must provide a business plan that includes
the following:
- A description of the business.
- A history of the business, including past financial statements(for
the existing business).
- Details about the individuals relevant qualifications, such
as experience or training.
- A marketing strategy.
- Financial Projections.
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Website
Created by Trevor Proctor 2005 |
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