Seed Capital Program

The Seed Capital Program, a community based initiative made available by the Community Business Development Corporations (CBDCs) and other community led organizations, provides loans to start, expand or improve a small business, as well as acquire business skills training.

The Atlantic Canada Opportunities Agency (ACOA) provides contributions to CBDCs and other organizations to help Atlantic Canadians acquire the business skills and capital they need to start, modernize and expand their businesses through the Seed Capital Program.

• A maximum of $20,000 is available per applicant in the form of a repayable, unsecured personal loan with flexible interest and repayment terms.
• A maximum of $2,000 is available per applicant for specialized training and business counselling.

Eligibility

• Applicants must reside in Atlantic Canada
• Applicants must be the majority owners of their businesses
• Applicants under 35 years of age may use the loan to start-up, expand or modernize a business
• Applicants 35 years of age and older may use the loan to start a new business only
• The loan may be used to leverage other investments
• The loan cannot be used to purchase an existing business The loan cannot be used for refinancing existing debts or business restructuring

More Information

For more information on the Seed Capital Program, call  1-888-576-4444