CBDC NOBL Social Enterprise Loans are available to non-profits, including societies, charities, and cooperatives in need of business support (in the form of a loan or loan guarantee), that will be used to purchase assets, renovate existing assets or expand a social enterprise. CBDC NOBL Social Enterprise Loans are to support the financing of revenue generating activities of registered non-profit organizations.
Social Enterprise is community creation at it’s best! It’s all about you and your neighbourhood. Being able to create sound economic and socially conscious communities fosters a strong and vibrant lifestyle for everyone to enjoy.
How CBDC NOBL can help you
CBDC NOBL can provide up to $300,000* per eligible borrower, in the form of a repayable loan with competitive interest rates and repayment terms.
The Social Enterprise Loan can be used to finance the purchase of equipment or other items that are necessary to continue business activities.
We offer a loan amortization of generally up to ten years based on the life expectancy of the asset(s) the Social Enterprise is utilizing the loan monies to purchase.
Eligibility Criteria
If your Social Enterprise meets the following guidelines, then the CBDC NOBL Social Enterprise Loan may be for you.
- The Social Enterprise and the business activity must be located in rural areas;
- New and existing Social Enterprises carrying on business activity are eligible to apply for this loan;
- Start-up of a new Social Enterprise or the expansion, renovation, or upgrading of an existing one are acceptable;
- Social Enterprises conducting year-round and/or seasonal business activity qualify;
- The Social Enterprise’s business activity should demonstrate a reasonable expectation of economic viability, and ensure that fundamental business aspects are present, as well as job creation and maintenance is met.
