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Black Business Initiative Financial Programs

Roger Smith

BBI Northern Region

rodger.smith@bbi.ns.ca

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The Black Business Initiative (BBI) promotes and assists in the development of Nova Scotia Black-owned businesses providing business development assistance. BBI provides financial assistance in the form of loans up to $25,000 and facilitates access to other financing. BBI also provides business training programs and opportunities.

 

Ownership must be 33% black and must be a registered proprietorship, partnerships or limited company. Participants must have a viable business plan, with two year cash flow projections, the ability to repay the loan and a suitable management strategy is required. Types of loans provided include Capital Equipment Acquisition, Working Capital, or Short-term receivable financing.