NL Small Business Seed Capital Equity Program

In plain language

Equity contribution up to $50K on a matching basis — the Province takes non-voting shares you buy back on a schedule. Not a grant: it's repayable equity, generally over 5–7 years. Aimed at new entrepreneurs or small-business expansion in sectors with growth potential. Historically delivered under the Small Business Seed Capital Equity stream of the Business Investment Program. Match can be cash, equipment, or qualifying owner equity. Slow due-diligence process; expect a full business plan and financial projections. Worth it only if you cannot get traditional debt at reasonable terms.

Who qualifies

What you'll have to report

Annual financial statements, shareholder agreement, board minutes if applicable, repayment schedule adherence, jobs reporting.