Loan · repayable

CBDC Newcomer Loan Program

Community Business Development Corporations · Newfoundland and Labrador

OpenGeneral
Funding
Loan up to $20,000
Borrow up to $20,000 — repayable, not a payout
Deadline
Ongoing
Open, accepted on an ongoing basis (no fixed deadline).
Type
Loan · repayable
Company stage
Early Stage / Startup, SME
Limited to: Newcomer / Immigrant. Only applicants in this group can apply.

Overview

Provides up to $20,000 to newcomers in Newfoundland & Labrador to create a start-up or purchase an existing business. The funding is an interest-free contribution that must be paid back in full as outlined in the agreement.

Who can apply

  • Must be 19 years of age or older, not hold permanent resident status, and be living in Newfoundland & Labrador.
  • Funding is for creating a start-up or purchasing an existing business.
Not sure if you qualify?Book a call with SeedPort to see whether CBDC Newcomer Loan Program fits your company and what you would need to apply.
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What it can pay for

Business Expansion

Past recipients

No public list of past recipients is linked for this program yet.

Official source

Program details change. Always confirm eligibility, amounts and deadlines on the official page before you apply.

Official program page →

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Last checked by SeedPort: Oct 15, 2026. SeedPort is not affiliated with the funder. Information is summarized from public sources and may be out of date.