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Seed Capital Program

Atlantic Canada Opportunities Agency (ACOA)

Last Verified: 2006-05-01

The Seed Capital Program provides loans up to $20 000 to start, expand or improve a small business, as well as up to $2 000 to acquire business skills training. The program is delivered by community based organizations that also provide training, counselling and referrals to enable entrepreneurs to be successful and accomplish their goals.

Eligibility Criteria

The following criteria apply:

  • applicants must be 18 and older and residents of Atlantic Canada
  • applicants under 35 may invest the loan in the start-up, expansion or modernization of a business;
  • applicants 35 and over must use the loan to start-up a business;
  • the applicants must be the majority owners of the business;
  • businesses in most sectors are eligible, including retail and personal services, as well as seasonal enterprises;
  • the loan is intended as a long-term investment in the financing of any cost of the business including fixed assets, start-up costs and working capital;
  • the loan may be used as equity to attract other investors;
  • the loan cannot be used to purchase an existing business;
  • the loan cannot be used for refinancing of existing debts or business restructuring.

Summary

The program will provide access to a maximum of $20 000 per applicant in the form of a repayable, unsecured personal loan, with flexible interest and repayment terms, as well as a maximum of $2 000 per applicant for specialized training and business counselling.

ACOA is committed to helping Atlantic Canadians acquire the skills needed to prosper in the 21st century. By investing in the 41 Community Business Development Corporations (CBDCs) in rural areas as well as the six other business support organizations in the metro areas, ACOA is helping to address some of the greatest obstacles facing entrepreneurs: access to capital and good, sound business advice. This program ensures that entrepreneurs throughout Atlantic Canada enjoy equal access to the information and capital they need to make their business succeed. 

For more information, please call 1-800-668-1010 or you may also visit the ACOA Web site. 

See below for a listing of Community Business Development Corporations.

Newfoundland & Labrador Contact(s):
Avalon - Placentia
Avalon West Community Development Corporation
P.O. Box 419
Placentia, Newfoundland & Labrador  A0B 2Y0
Telephone: (709) 227-2147/2084
Fax: (709) 227-3670
Toll-free (information): 1-888-303-2232
Web site: http://www.cbdc.ca

Eastern - Marystown
Burin Peninsula Community Development Corporation
P.O. Box 470
Marystown, Newfoundland & Labrador  A0E 2M0
Telephone: (709) 279-4540
Fax: (709) 279-4545
Toll-free (information): 1-888-303-2232
Web site: http://www.cbdc.ca

Avalon - CBS
Cabot Community Development Corporation
P.O. Box 14067, Station Manuels
Conception Bay South, Newfoundland & Labrador  A1W 3J1
Telephone: (709) 834-1000
Fax: (709) 834-1180
Toll-free (information): 1-888-303-2232
Web site: http://www.cbdc.ca

Avalon - Ferryland
Celtic Business Development Corporation
P.O. Box 134
Ferryland, Newfoundland & Labrador  A0A 2H0
Telephone: (709) 432-2662
Fax: (709) 432-3056
Toll-free (information): 1-888-303-2232
Web site: http://www.celtic.cbdc.ca

Central - Grand Falls-Windsor
Central Community Development Corporation
30 Hardy Avenue
Grand Falls-Windsor, Newfoundland & Labrador  A2A 2T9
Telephone: (709) 489-4496
Fax: (709) 489-5897
Toll-free (information): 1-888-303-2232
Web site: http://www.cbdc.ca

Eastern - Clarenville
Eastern Initiatives Community Business Development Corporation
76A Manitoba Drive
Clarenville, Newfoundland & Labrador  A5A 1K6
Telephone: (709) 466-1170
Fax: (709) 466-1450
Toll-free (information): 1-888-303-2232
Web site: http://www.cbdc.ca

Central - Baie Verte
Emerald Business Development Corporation
Barker Building, Highway 410
P.O. Box 508
Baie Verte, Newfoundland & Labrador  A0K 1B0
Telephone: (709) 532-4690/8312
Fax: (709) 532-4669
Toll-free (information): 1-888-303-2232
Web site: http://www.cbdc.ca

Central - Gander
Gander Area Community Development Corporation
10 Roe Avenue
P.O. Box 471
Gander, Newfoundland & Labrador  A1V 1W8
Telephone: (709) 651-4738
Fax: (709) 651-3295
Toll-free (information): 1-888-303-2232
Web site: http://www.cbdc.ca

Western - Port aux Basques
Gateway Community Development Corporation
82 Main Street
P.O. Box 430
Port aux Basques, Newfoundland & Labrador  A0M 1C0
Telephone: (709) 695-7406
Fax: (709) 695-9726
Toll-free (information): 1-888-303-2232
Web site: http://www.cbdc.ca

Western - Corner Brook
Humber Community Development Corporation
Suite 4
19 Union Street
P.O. Box 657
Corner Brook, Newfoundland & Labrador  A2H 6G1
Telephone: (709) 639-7755
Fax: (709) 639-1040
Toll-free (information): 1-888-303-2232
Web site: http://www.cbdc.ca

Labrador - Happy Valley-Goose Bay
Labrador Community Development Corporation
2 Hillcrest Road
P.O. Box 1089, Station B
Happy Valley - Goose Bay, Newfoundland & Labrador  A0P 1E0
Telephone: (709) 896-5814/5182/5821
Fax: (709) 896-4333
Toll-free (information): 1-888-303-2232
Web site: http://www.cbdc.ca

Western - Stephenville
Long Range Community Business Development Corporation
35 Carolina Avenue
Stephenville, Newfoundland & Labrador  A2N 3P8
Telephone: (709) 643-5606
Fax: (709) 643-6004
Toll-free (information): 1-888-303-2232
Web site: http://www.cbdc.ca

Avalon - St. John's Metropolitan Area
Metro Business Opportunities Corporation (MBOC)
35 Blackmarsh Road
Triton Building, Suite 107
St. John's, NL, Newfoundland & Labrador  A1E 1S4
Telephone: (709) 738-1626
E-mail: contact@mboc.ca
Web site: http://www.mboc.ca

Western - Plum Point
NORTIP Development Corporation
P.O. Box 140
Plum Point, Newfoundland & Labrador  A0K 4A0
Telephone: (709) 247-2040
Fax: (709) 247-2630
Toll-free (information): 1-888-303-2232
Web site: http://www.cbdc.ca

Central - St. Alban's
South Coast Community Development Corporation
Cormier Avenue
P.O. Box 37
St. Alban's, Newfoundland & Labrador  A0H 2E0
Telephone: (709) 538-3630/3846
Fax: (709) 538-3439
Toll-free (information): 1-888-303-2232
Web site: http://www.cbdc.ca

Avalon - Carbonear
Trinity-Conception Community Development Corporation
Suite 101
Croke Building
21 Industrial Crescent
Carbonear, Newfoundland & Labrador  A1Y 1A5
Telephone: (709) 596-3849
Fax: (709) 596-7721
Toll-free (information): 1-888-303-2232
Web site: http://www.cbdc.ca


National Contact(s):
ACOA Head Office
Atlantic Canada Opportunities Agency
3rd Floor
Blue Cross Centre
644 Main Street
P.O. Box 6051
Moncton, New Brunswick  E1C 9J8
Telephone: (506) 851-2271
Fax: (506) 851-7403
Toll-free (information): 1-800-561-7862
Web site: http://www.acoa.gc.ca/e/



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Last Modified: 2006-05-01 Important Notices