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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 Canadian Opportunities Agency (ACOA), in partnership
with the Community Business Development Corporations (CBDCs)
and other organizations, helps Atlantic Canadians acquire
the business skills and capital they need to start, modernize
and expand their businesses.
SEED CAPITAL
PROGRAM
ACOA’s Seed Capital Program provides loans to start,
expand or improve a small business, as well as acquire business
skills training.
Up
to $20,000 is available per applicant in the form of a repayable,
unsecured personal loan with flexible interest and repayment
terms.
Up to $2,000 is available
per applicant for specialized training and business counseling.
ELIGIBILITY
- Applicants must reside in Atlantic Canada.
- Applicants must be the majority owners of their business.
- Applicants under 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 financing existing debts or
business restructuring.
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