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Funding Opportunities

We know the secret of your success

Are you looking to get your business launched?

Are you looking to get your business launched, looking to expand or interested in purchasing a business? Check out the service provider websites below for all your financing and funding needs.

  • Term Loans
  • Non-Repayable grants
  • Equipment loans
  • Business Lines of Credit
  • Self-Employment Assistance
  • Social Enterprise Loan
  • Microloans

Funding Roadmap

Term Loans

Provides you with a sum of cash that is paid back over time with specified terms. Usually used for businesses who are just getting started or are looking to expand.

Non-Repayable grants

Non-repayable grants are exactly what they sound like. Grants given by the government that you do not pay back. These grants are tightly monitored to ensure the money is being spent as it was proposed.

Business Lines of Credit

An amount of money that can be accessed at different times once approved. Interest builds on the funds that are withdrawn at a fixed or variable rate.

Microloans

A small sum of money usually lent to start a business. Interest rates tend to be lower with these types of loans (usually $5,000 or less).

Equipment Loans

Similar to a general loan, but is usually secured with the equipment that is purchased. Typically used for heavy equipment, kitchen equipment, etc…

Social Enterprise Loan

A loan to financially support revenue-generating social enterprises.

Self-Employment Assistance (SEA) CBDC and NLOWE

A specialized program in which successful applicants can continue their employment insurance benefits while launching their business. Maximum length is 52 weeks. There is also ongoing coaching, technical advice and financial support.

Futurpreneur Canada

Getting started

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CBDC

Small business development programs

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Ulnooweg Development Group

Types of financial assistance offered

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Lacks Heading
432 Massachusetts Drive
Stephenville, NL, A2N 2Z6
709 643-7804
Regular Hours:
Mon - Fri 8:30 am to 4:30 pm
Summer Hours:
Mon - Fri 8:30 am to 4:00 pm
entrepreneurship@cna.nl.ca
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