For businesses located in municipalities

Scotiabank on Portland Street in Dartmouth will be happy to discuss with you A Term Loan for business to give your business quick access to cash for fixed assets such as a back up power or solar energy system.

A Term Loan for business provides:
• loans up to $250,000
• flexible repayment terms that accommodate your cash flow
• a fixed monthly repayment amount to help manage your debt load
• financing for purchases made up to six months prior to loan application date
• competitive fixed or floating interest rates
• up to five-year term (up to a 15-year amortization)
• optional life insurance


For businesses located in rural areas

The Technology Development Fund of the 41 Community Business Development Corporations (CBDC) has been established to support small and medium sized businesses in rural Atlantic Canada by helping them develop and adopt new technologies.

The Technology Development Fund (TDF) is a program that provides an opportunity to enhance, expand or start a business using various technologies. The fund also encourages the development and commercialization of technologies from basic computerization to uncharted concepts and beyond!!
If your firm is looking to adopt a new technology - the back up power and solar power generating systems qualify - your local CBDC will listen and work with you to see if your idea matches the TDF program.

Program Highlights
• Financing for up to $125,000 in the form of a loan or equity
• Support up to 100% of identified and eligible project costs
• Customized loan repayment schedule
• Accessible only in CBDC geographic service area
• Terms of up to 60 months
• Available to new or existing businesses
• Available to seasonal and year round businesses

To contact the CBDC in your area link to http://www.cbdc.ca/english/find/