This social enterprise loan product is for non-profit organizations that require commercial financing to support their business activities conducted in a community served by the CBDC South Coast. This loan product offers flexible repayment terms tailored to the needs the social enterprise.
- Term loans to a maximum of $150,000.
- Loan repayment terms of up to 10 years.
- Fixed interest rates - tailored loan product interest rates applicable.
- Flexible repayment options to fit the social enterprise cash flow.
- Secured lending requirements.
- Non-refundable application fee of $100, and if approved, an administration fee of 1.25% (minimum $500).
- Projects are subject to competitive impact considerations, viability asessment and application review.
- Some projects may be ineligible due to environmental risk restrictions.
For more information, please call 1-888-303-2232 or (709) 538-3846.
CBDC Social Enterprise Loan