Impact Votre Entreprise — Prêts de Démarrage

📋 Eligible Entities - Canadian entrepreneurs and business owners in Atlantic Canada (Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador) - Individuals seeking to start a new business - Existing business owners looking to expand or develop their enterprise - Sole proprietors and small business operators - Applicants must demonstrate business viability and repayment capacity - Residency or business operation in Atlantic Canada is required ### 💰 Funding Details - Loan Amount: Up to $50,000 CAD - Interest Rate: Low-interest financing (specific rates vary by lender and creditworthiness) - Repayability: This is a loan, not a grant—full repayment is required with interest - Matching Requirements: None specified in program description - Term: Standard loan repayment terms apply (typically 3–7 years depending on loan structure) - Accessibility: Designed for underserved entrepreneurs who may have difficulty accessing traditional bank financing ### 🛠️ Approved Expenses - Business startup costs and initial capital requirements - Business development and expansion activities - Working capital for operational needs - Equipment and technology purchases (as part of business development) - Indirect support through business skills development opportunities - General business establishment and growth initiatives in Atlantic Canada ### ⚠️ Conditions & Milestones - Applicants must complete or participate in business skills development training/mentoring opportunities - Loan approval contingent on demonstrated business plan viability - Borrowers must meet credit and repayment capacity assessments - Business must operate in Atlantic Canada - Compliance with all lender and program requirements throughout loan term - Regular reporting and milestone updates may be required during loan disbursement and repayment phases - Interest payments and principal repayment according to agreed loan schedule are mandatory