Small Business Loan Guarantee Program

The program offers loan guarantees and financing for various business purposes in Nova Scotia. It is a joint initiative by the Nova Scotia Co-operative Council, Atlantic Central, local credit unions, and the Province of Nova Scotia.
  • Nova Scotia Co-operative Council
Overview of the Small Business Loan Guarantee Program program:

The Small Business Loan Guarantee Program in Nova Scotia offers financial support to small businesses, including start-ups and social enterprises. The program provides loans with a guarantee of up to 90% by the province, with a maximum loan amount of $500,000. It is available to various business structures, including not-for-profits, co-operatives, and private businesses. To qualify, businesses must be based in Nova Scotia and members of a local Credit Union. The program aims to facilitate access to capital for businesses that have a positive social or economic impact on their communities.

Eligibility criteria of the Small Business Loan Guarantee Program program:
  • Type of Enterprise:
  • Start-ups
  • Growth and expansions
  • Business Structure:
  • Not-for-profit organizations
  • Co-operatives
  • Private businesses
  • Impact:
  • Must have a positive impact on a social or environmental issue
  • Should address a community need or maximize a community opportunity
  • Location and Membership:
  • Must be registered and based in Nova Scotia
  • Can be new or existing members of a credit union
  • Must be a member of a local Credit Union (i.e., have a bank account) at the time of fund disbursement
  • Good Standing:
  • Applicants must be in good standing with the Canada Revenue Agency
Request Funding Information

Related Funding Opportunities

Explore similar funding opportunities that match your goals.

Other Grants and Funding by Region

Walden VCOPEN
  • Walden VC
Direct LoansOPEN
  • Manitoba Agricultural Services Corporation
Business Plan AssistanceOPEN
  • First Peoples Economic Growth Fund
Canada Greener Homes LoanOPEN
  • Govenment of Canada
Account Performance Security GuaranteeOPEN
  • Export Development Canada
Ironbridge Equity PartnersOPEN
  • Ironbridge Equity Partners
Business purchase or transfer loanOPEN
  • Business Development Bank of Canada

More Grants and Funding by Industry