What is a Social Enterprise?
A Social Enterprise is a business that is directly involved in the production
and/or selling of goods and services for the purpose of generating
earned income and achieving or contributing to social aims. It can take
the form of a non-profit organization, a cooperative, or a membership
organization, characterized by an entrepreneurial philosophy, i.e.
the production of goods and services and revenue generation that is
separate from public grants.
CBDC Social Enterprise Loans are available to non-profits, including
societies, charities, and cooperatives in need of business support (in the
form of a loan or loan guarantee), that will be used to purchase assets,
renovate existing assets or expand a social enterprise. CBDC Social
Enterprise Loans are to support the financing of revenue generating
activities of registered non-profit organizations.
We Can Help!
The CBDC can provide up to $150,000 per eligible borrower, in the form
of a repayable loan with competitive interest rates and repayment
The Social Enterprise Loan can be used to finance the purchase of
equipment or other items that are necessary to continue business
We offer a loan amortization of generally based on the
life expectancy of the asset(s) the Social Enterprise is utilizing the loan
monies to purchase.
If your Social Enterprise meets the
following guidelines, then the CBDC
Social Enterprise Loan may be for you.
• The Social Enterprise and the business
activity must be located in rural areas;
• New and existing Social Enterprises
carrying on business activity are eligible
to apply for this loan;
• Start-up of a new Social Enterprise or the
expansion, renovation, or upgrading of
an existing one are acceptable;
• Social Enterprises conducting year-round
and/or seasonal business activity qualify;
• The Social Enterprise’s business activity
should demonstrate a reasonable
expectation of economic viability, and
ensure that fundamental business
aspects are present, as well as job
creation and maintenance is met.
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It’s all about you and your neighbourhood!
Being able to create sound economic and
socially conscious communities fosters a
strong and vibrant lifestyle for everyone to