Providing the Support and Resources you need
Whether you're thinking about starting a business or becoming self-employed or you've already started, CBDC Labrador can help.
Our full range of programs and services can help to kick-start your business plans or our network of partners with all levels of government and other service agencies can get the assistance you need to help you start or grow your business.
Our full range of programs and services can help to kick-start your business plans or our network of partners with all levels of government and other service agencies can get the assistance you need to help you start or grow your business.
Our website has been developed to serve as one of our primary information tools. It has been designed to clearly outline:
- our line-up of programs and services to help business grow
- the process of application and business planning for CBDC support
- links to partnering agencies and key contacts that may offer additional support
- tools to help the development of your business idea
Here's How it Works
Do you have a great business idea, or are you already in business and want to expand or introduce a new product or technology? Are you looking for finance and support to help develop your business? If you answered yes, then CBDC Labrador may be able to help.
Step 1 - Contact CBDC Labrador
The first step is to make contact with CBDC Labrador to discuss your idea and how we might be able to assist you with our programs and services.
Step 2 - Business Plan
Once you have discussed your idea and determined that you may be eligible for a CBDC loan or service. You will need to develop a business plan, with cashflow statements and required financial documents. The CBDC staff can provide guidance on your business plan and cashflows . The more prepared these documents are, the better, as they will form the basis of your loan application. There is a business plan templates available through our website or you may choose to use alternative format but please remember that all basic business plan information must be included.
Step 3 - Complete the Required Applications
Once your business plan and cash flow forecast are completed, CBDC Labrador can then work with you to provide the required application forms and your business plan and application form can then be submitted for review and consideration for funding.
STEP 4 – Getting the Business Started
If your application for a CBDC loan or program support is successful, you will work with our staff to finalize the financial arrangements and reporting requirements. You may also want to discuss with our staff any requirements you may have for counselling or training.
You will then start to repay your loan based on the arrangements of your agreement with CBDC Labrador. You will be required to pay back the loan within the terms of the payment schedule and interest rate of your agreement.
You will then start to repay your loan based on the arrangements of your agreement with CBDC Labrador. You will be required to pay back the loan within the terms of the payment schedule and interest rate of your agreement.
