Newfoundland and Labrador are two provinces which have a large range of grant programs. They have grants available to various different loans such as the fishing industry, comercialization or business development.
Some examples of the grants which are obtainable include:
Resource:
BUSINESS DEVELOPMENT PROGRAM
Representative:
ATLANTIC CANADA OPPORTUNITIES AGENCY (ACOA)
Reason: To access capital for expansion or modernization of your business.
Requirements: Small and medium businesses in Newfoundland and Labrador.
Reward: To receive unsecured interest-free loans for project costs to expand
or modernize your business. Eligible to receive 50% to 75% of total
project costs.
Resource:
BUSINESS LOAN PROGRAM
Representative:
COMMUNITY BUSINESS DEVELOPMENT CORPORATION
Reason: To assist entrepreneurs to access capital who have had difficulty
acquiring capital from conventional sources
Requirements: Atlantic Canada businesses
Reward: To receive financial assistance for new or existing businesses up to
$150,000 in the form of loans, loan guarantees or equity financing
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