CBDC General Business Loan

From small businesses to even larger ones, there are many times when a business may need a loan. Perhaps you need to procure new machinery or equipment? Maybe it’s time to upgrade your facilities or buildings. Or perhaps a loan is the only way for you to improve or expand your business to tap new market opportunities. Banks and other traditional lending institutions can often be unavailable to you. The most flexible business loan we offer, the CBDC General Business Loan was made just for these situations.

Loans up to $150,000* may be available to eligible applicants. All loans are repayable and offer competitive repayment terms and interest rates. Financing can include a demand or term loan, a loan guarantee, or equity investment.
Loans will be secured, and can be from one to ten years, giving you the chance to develop your business while being free from financial burden.

CBDC Innovation Loan

The loan is designed to encourage business productivity and effectiveness in the communities of rural Atlantic Canada. New technologies may include existing methods that have been adapted or repurposed for commercial applications. The loan could also be used for financing for new products or services and training, as well as financial support. CBDC offers up to $150,000 per qualified borrower. All loans are repayable and have competitive interest rates and repayment terms. Financial options include term loan and demand loans, loan guarantees or equity investments.

CBDC Innovation Loans may be used for a variety of things: the acquisition of equipment, software, processes or licenses, and other things that are clearly defined as “new” technology that will improve business operations. Expenses for infrastructure changes or installation, as well as maintenance due to implementation and utilization of new technology also qualify. We can also assist with costs for training employees in the application and use of the new technology.

CBDC InRich

As CBDCs, we assist in the creation of small businesses and in the expansion and modernization of existing businesses by providing financial and technical services to entrepreneurs. Financial assistance is available in the form of loans, loan guarantees and equity financing to existing and aspiring entrepreneurs. Business counselling, help & advice is available to small businesses. We help businesses to succeed and therefore we give high priority to the advisory role of our mandate. Entrepreneurship development and training to individuals and small business owners/managers is available in many of our offices. Technical assistance usually takes the form of guidance and coaching, and sometimes advocating on behalf of our clients to other lending establishments or regulatory agencies. Since 1981, InRich CBDC has been providing valuable business development services to both Inverness and Richmond Counties on beautiful Cape Breton Island. We are proud of our clients and their accomplishments, assisting over 1,400 businesses with start-up and expansions, supporting many various sectors and industries to grow and prosper. If you are interested in knowing more of this beautiful area and our many business opportunities please call us. We would be pleased to talk business with you.

CBDC- Entrepreneurial Training Fund (ETF)

CBDC offers individualized training opportunities to existing clients as well as group training to clients and other small business owners. Eligible training and counselling activities may include:

Training courses offered via the Internet or correspondence
University courses (excluding full-time studies)
Training seminars offered by business support or business development organizations or associations
Hiring a qualified consultant to provide business skills training that result in the transfer of knowledge or skills from the consultant to the client
Business skills training and counselling designed to enhance the client’s overall knowledge in business related skills
Costs associated with providing business skills training to potential entrepreneurs and/or existing entrepreneurs

CBDC-Self-Employment Benefits Program

The Self Employment Benefits (SEB) Program is designed to help participants to continue to receive their Employment Insurance Benefits while going through the process of launching a new business. SEA provides assistance in the form of coaching, on-going technical advice and financial support for a maximum of 52 weeks. If you are receiving or are eligible for Employment Insurance Benefits (EI), you can continue to receive these benefits for up to one year.

Services provided with the SEA program include:

Business plan guidance
Business training
Business counselling

CBRM Heritage Property Program

The CBRM is responsible for the Heritage Property Bylaw and for promotion of heritage conservation in our communities. CBRM Planning Department staff work closely with the Heritage Advisory Committee, a committee of Council that includes both elected Council members as well as citizens who are appointed by Council to serve on the Committee. The Objective of the Program is to encourage owners of registered municipal heritage properties to upgrade their properties in a manner that is consistent with the heritage value of the property as stated in the statement of significance for the property and the associated character defining elements. The incentive shall be 50% of the cost of the repairs or renovations up to a maximum of $12,000 per property. In the case of roof replacement and/or repair, the maximum grant shall be 30% of the cost up to a maximum of $6,000. In exceptional circumstances, the Committee may award a higher percentage of cost-sharing, as outlined in 4(c)

CBRM Tax Incentive for Downtowns and Business Parks

The Cape Breton Regional Municipality (CBRM) has a commercial tax incentive to promote downtown revitalization and business park development. The following development or renovations to commercial property are available: Tax assessment increases of $100,000 or more are eligible for up to ten years of tax reductions Tax assessment increases of less than $100,000 are eligible for up to five years of tax reductions Total tax reduction of up to 50% over the phase-in period are possible

CCH – Creative Industries Fund

The Creative Industries Fund invests in Nova Scotia registered cultural businesses that are focused on global exporting and supports not-for-profits and social enterprises focused on development of the culture sector outside of Nova Scotia. Eligible creative industries include fashion/design, film and TV, music, performing arts, production and fine craft, visual art and applied arts, and publishing. Companies can receive up to 50% of project costs through the fund.

CCH – Screenwriters Development Fund

The Screenwriters Development Fund will consider investment in direct costs for film and TV scriptwriting of Nova Scotia producers with a Nova Scotia writer. A Nova Scotia registered production company can receive up to 50% of project costs through the fund. Applications must demonstrate how your project achieves the following objectives: The creation and development of film and TV script projects by Nova Scotian filmmakers Strengthens the film and TV industry by developing Nova Scotia filmmakers, writers, and producers The encouragement of inclusion and gender parity  

Community Economic Development Investment Fund (CEDIF)

A CEDIF is a pool of capital raised through the sale of shares that is invested in new or existing local businesses. A CEDIF develops within the community. Any individual or group can form a working group to investigate the possibility of starting a CEDIF in their community. As an investor, benefits to buying shares in CEDIFs include: 35% non-refundable provincial income tax credit on your investment Investments are RRSP eligible The Nova Scotia Co-operative Council offers a turnkey CEDIF development package aimed at simplifying the process for your group to start a CEDIF offering.