We know that oftentimes it may be difficult to obtain financial assistance for a first-time entrepreneur through traditional lending channels, so we’ve developed a perfect solution, namely the CBDC NOBL First-Time Entrepreneur Loan. We also offer assistance with training and counselling services as well as we’re here to help you become a self-sufficient and profitable business owner.

How CBDC NOBL can help you

The CBDC NOBL First-Time Entrepreneur Loan can provide up to $300,000* per eligible borrower, and this includes sole proprietors, partnerships (whereby the majority of the care and control is vested with the new entrepreneur), or a limited company. The First-Time Entrepreneur Loan is a repayable loan with competitive interest rates and repayment terms. Financing can be in the form of a term loan, demand loan, loan guarantee, or equity investment.

Eligibility Criteria

Here are a few of the criteria that applicants must meet in order to be considered for the First-Time Entrepreneur Loan:

• You must be a new, first-time entrepreneur residing in a rural area;
• Loan can be applied to either a start-up of a new business or assist in the purchase of an existing business;
• Start-up costs, fixed assets, land, building, equipment, working capital, machinery, furniture and fixtures, and in some situations, vehicles used solely for business purposes are eligible. Leasehold improvements and franchise purchases are also acceptable expenditures;
• Year-round and seasonal business activities are acceptable.