Regular Business Loan Program

  • Business must have base of operations in Queens County or Lunenburg County, Nova Scotia
  • For start-up or expansion
  • No minimum loan
  • Maximum loan $150,000
  • Interest rate currently:  Starting at bank Prime plus 4.5% and can raise or lower  (dependent upon risk assessment) for new  and existing businesses.
  • No application fee
  • Financing available:
    * Term Loan
    * Loan Guarantee (fee)
    * Equity Financing
  • Financing for equipment, buildings, working capital
  • Some cash investment required as part of application
  • Collateral pledging will be part of a successful application for financing
  • DECISIONS MADE LOCALLY by Board of Directors, volunteers interested in strengthening business in our community.
  • Applications are reviewed based on viability, including management experience, as well as impact on employment in the local community.
  • You are encouraged to make an appointment to discuss your business idea early in the planning stage to take advantage of the counselling and technical services that are also available at NO FEE for service.
  • Applications can be made through one of our two Business Officers.
  • You may visit the Liverpool or Bridgewater office, or a Business Officer will meet you at your place.

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