Actually a loanLoanOpen
CBDC NL Business Loan
Community Business Development Corporation · Federal
In plain language
Rural lender of last resort for small NL businesses that don't fit bank criteria. Competitive interest rates, flexible terms, mentoring included. Repayable — treat it like a bank loan, not a grant.
Realistic range
$10,000 – $250,000
Avg award
$75,000
Max advertised
$250,000
Cost share
100%
Accessibility
4 / 5
Effort
2 / 5
Deadline
Continuous intake
Repayable?
Yes
Who qualifies
Entity types
Incorporated, Sole Prop
Sectors
Any sector
Regions
Rural Only
Demographics prioritized
None specifically
What you'll have to report
Standard loan servicing; annual financial statements.
Stacks well with
Often paired with ACOA BDP where BDP funds productive assets and CBDC bridges working capital.