BBI’s Financial Services
Financial assistance is available to new or existing Black Nova Scotian-owned Business. Ownership must be 33% black and must be a registered proprietorship, partnerships or limited company. Have a viable business plan, with two year cash flow projections, the ability to repay the loan and a suitable management strategy is required.
Types of Loans: Capital Equipment Acquisition, Working Capital, or Short-term receivable financing
Loans NOT Considered: Refinancing of existing loans or obligations, purchase of vehicles, financial transactions between related business or individuals. To finance a business similar to an existing one owned by applicant or family. Those who have defaulted previous BBI loans, residential and rental accommodations, financial and insurance agencies. Real estate and land development, taverns, beverage rooms and lounges. Any business activity deemed not to be in the best interest of the community or province.