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 Coastal Business
292 Charlotte Street, Sydney
Patricia MacNeil
(902) 539-4332 (ext 224)
patricia.macneil@cbdc.ca

CBDC Northside Victoria
1 Fraser Avenue, Suite 7
Sydney Mines
Gord McGean
(902) 736-6211
gord.mcgean@cbdc.ca

CBDC InRich
15381 Hwy 19
Inverness
Perry Chandler
(902) 258-3698
perry.chandler@cbdc.ca