Programs & Services

The BBI offers a number of programs and services designed to assist Small to Medium-sized Enterprises (SME’s), Start-up Companies, and aspiring entrepreneurs in the African Nova Scotian Community.

BBI offers four core services:

  • Client Training
  • Business and Professional Development Training, Counseling, Information Networking
  • Business Support
  • Financial Assistance
1. Client Training

The BBI understands that in order for a business to be successful, the person(s) operating it must have the skills required to do the work. Our Training Department is dedicated to meeting the needs of our clients through both individual and group-based training.

Individualized Training
  • Single seat purchase
  • One-on-one counseling/consulting
  • Mentorship
Group Training
  • BBI facilitated, delivered by BBI staff or external partners
2. Business and Professional Development

The BBI can assist companies that wish to participate in trade shows and conferences or by providing their staff with training on a company-wide basis (e.g. WHMIS training to comply with safety regulations).

3. Business Support

Our business support services include, but are not limited to:

  • Information resource-sharing
  • Counseling
  • Networking opportunities
4. Financial Assistance

Of all the services we offer, we receive most inquiries about financial assistance. Am I eligible? How do I apply? How much is accessible? Is it a grant? What can I use the loan for?

In order to be eligible for BBI’s financial assistance a company must meet the following eligibility criteria:

  • new or existing Black-owned NS business
  • proprietorship or limited company (registered with NS Registry of Joint Stock Companies)
  • viable business plan
  • ability to repay the loan
  • suitable management strategy

Application Process

All loan requests, in the form of a complete business plan, are presented to the BBI Board of Directors by a Regional Business Development Manager (RBDM).

Available Financing

Clients may access up to $25,000.00 from the BBI Loan Fund subject to the following terms:

  • 10% equity investment of the total project cost is required from the client
  • Interest free in the first year with subsequent interest rate of prime plus 1% thereafter
  • Five-year maximum repayment period

For those who need less than $5,000.00, we have a Micro Loan Fund for any amount above $1,000.00 and a Mini-Micro Loan Fund for requests of $1,000.00 or less.

Mini-Micro and Micro loans are both subject to the same terms as the Loan Fund, with one key difference: whereas loan requests above $5,000.00 must be presented to the full Board of Directors for approval, the Mini-Micro and Micro loan requests are presented to a committee comprised of only two Board members and the Executive Director.

All financial assistance is in the form of a repayable loan.

For more information or to become a client please contact the Director, Client Services (902) 426-7973