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.

Term Loan

  • 10% equity from client of total project cost
  • Interest rate based on risk assessment
  • $25,000 maximum
  • Repayment terms vary
  • Requires board approval
  • $100 administration fee

Micro Loan

  • $5,000 or less
  • Same conditions apply as regular loan programs
  • Requires only approval of micro loan committee made up of CEO and two board members
  • $100 administration fee

Youth Summer Entrepreneurship Program

Business is Jammin’ provides financial assistance through a small summer loan to Black Youth who want to start up their own business (e.g. Lawn Care).

“Black Business Initiative Launches New Scholarship at Dalhousie University” –

The Black Business Initiative (BBI), in partnership with Dalhousie University, is pleased to announce a new scholarship for the Corporate Residency MBA program at the Rowe School of Business. The $10,000 renewable scholarship will be awarded to a Black Nova Scotian who meets the entrance requirements

Financial Assistants from other orgranizations

Credit Unions

At Credit Union Atlantic, growing your business means a wide range of specialized services to meet changing business needs. As part of your business community, our solutions are customized to your individual requirements. We are committed to responding to your business needs quickly and effectively.


  • Canada Small Business Financing Program (CSBF): The Canada Small Business Financing Program seeks to increase the availability of loans and capital leases for establishing, expanding, modernizing and improving small businesses.
  • Immigrant Small Business Loan Program: Through a partnership with the Nova Scotia Co-operative Council and the Government of Nova Scotia, credit unions are offering a small business loan program that aims to help immigrants who are interested in starting, expanding or buying a small business.

Community Business Development Corporations – CBDC

  • CBDC Youth Loan –  Tailored business solutions for young entrepreneurs ages 18-34 interested in starting, expanding or modernizing projects that require financing to get the business moving.
  • CBDC General Business Loan – The CBDC General Business Loan is designed to assist entrepreneurs to obtain financing for their business, when traditional avenues of financing are not available. It can be used for key events in the business life cycle such as business creation, purchase, and business succession planning.
  • CBDC First-Time Entrepreneur Loan – Targeted financing for those first-time entrepreneurs starting or purchasing their very first business.
  • CBDC Innovation Loan – To assist in the development of the knowledge-based economy in the adoption and commercialization of technology by rural businesses.
  • CBDC Social Enterprise Loan – Tailored financing designed to assist social enterprises in rural based communities in Atlantic Canada.
  • Business Counselling – Business counselling in the form of advice to new and established entrepreneurs throughout Atlantic Canada.
  • Self Employment Benefit Program – The Self Employment Benefits (SEB) Program allows participants to continue to receive their Employment Insurance Benefits while they are getting their business up and running.





The Canadian Youth Business Foundation – CYBF


  • Start-up Program – From idea to reality. As CYBF’s flagship program for young entrepreneurs, it is designed to support you as you get your business off the ground.
  • Newcomer Program – Are you new to Canada? This program gives you all the benefits of CYBF’s Start-up Program and provides specialized resources and support to better understand Canadian business customs.
  • Spin Master Innovation Fund – This program offers a unique opportunity for innovative entrepreneurs that are launching or building exciting start-ups with national and international expansion potential.
  • CYBF moMENTum – CYBF’s moMENTum Program offers young entrepreneurs, who do not need financing, the exclusive opportunity to work one-on-one with a business mentor through a limited time offer.
  • Expansion Program– Looking to grow your business? This program provides additional financial and resourcing support for existing CYBF entrepreneurs ready to expand their businesses.
  • The Prince’s Operation Entrepreneur – This Prince’s Charities Canada program is available to recently retired and transitioning Canadian Forces members interested in realizing their dreams of entrepreneurship.


Centre for Entrepreneurship Education and Development

  • The Seed Capital Program offers up to $20,000 in low interest rate financing for business start-ups that belong to entrepreneurs age 18 and up. Young entrepreneurs age 18-34 may also use funds as a business growth loan. Additionally, the program allows each client to access up to $2,000 for business training and consulting. The Seed Capital Program is available for businesses located in Halifax, Dartmouth and Bedford.


Canada Small Business Financing Program 

Province of NS – – SBLA

  • The Canada Small Business Financing Program helps you with your financing needs. Under the program, the Government of Canada makes it easier for small businesses to get loans from financial institutions by sharing the risk with lenders.
  • Up to a maximum of $500,000 for any one borrower, of which no more than $350,000 can be used for purchasing leasehold improvements or improving leased property and purchasing or improving new or used equipment.

Business Development Bank of Canada – BDC

  • Commercial real estate – Purchase of land and buildings, construction of new premises, expansion or improvement of existing or rented premises.
  • Equipment line – Purchase new or used equipment over a 12-month period, with guaranteed terms and conditions.
  • Buying a business – Acquisition of an existing business and management buyout (MBO).
  • Technology financing – Financing to support your tech projects and help your company grow.
  • Working capital for growth projects – Implement marketing strategies, develop new products and markets or boost inventory to support increased sales.
  • Start-up financing – Marketing and other start-up costs, franchise purchases.
  • Business succession – Buyouts by family, management or outside parties.
  • Market expansion – Foreign or domestic market expansion activities.
  • BDC Capital – Tailored to meet the unique needs of entrepreneurs and innovators looking to raise capital for their growth and transition projects.
  • Aboriginal banking – Aboriginal staff helps you access capital and make the most of economic opportunities.

Atlantic Canada Opportunities Agency – ACOA

Your time is valuable. It’s important not to get sidetracked page-after-page trying to find the information that’s relevant to you. Each link below summarizes a program and will help you find what you need fast.

  • Atlantic Shipbuilding Action Plan – This initiative is designed to help Atlantic Canadian businesses ready themselves to take advantage of opportunities related to the Government of Canada’s renewal of the country’s naval and coast guard fleets.
  • Atlantic Innovation Fund (AIF) encourages partnerships among private sector firms, universities, colleges and other research institutions to develop new or improved products and services.
  • Building Canada Fund provides funding for municipal infrastructure projects, particularly in smaller communities. It focuses on improving infrastructure in areas such as water, wastewater, culture and recreation.
  • Business Development Program (BDP) can help you set up, expand or modernize your business. It can also provide financing to develop your innovative ideas and improve your competitiveness. Focusing on small- and medium-sized enterprises, this program offers interest-free loans. Non-profit organizations providing support to the business community may also qualify.
  • Canada-Atlantic Provinces Agreement on International Business Development (IBDA) helps established exporters expand their activities into new and more diversified markets. It also helps new exporters get started.
  • The Community Infrastructure Improvement Fund (CIIF) supports the improvement of existing community infrastructure facilities and provides economic benefits, including job creation, to communities across Canada.
  • Innovative Communities Fund (ICF) invests in strategic projects that build the economies of Atlantic Canada’s communities.
  • If you are a young entrepreneur (between 18 and 34) living in Moncton, Saint John, Fredericton, Halifax or St. John’s, the Seed Capital Initiative may be able to help you start, expand or modernize your business. Older than 35 and looking to start up a new business in these cities? The Seed Capital Initiative may also be able to help. Eligible clients of all ages may also access business training and counseling.
  • Young Entrepreneur Development Initiative (YEDI) offers financial support to not-for-profit business organizations, colleges and universities and municipalities for business skills training and financial support to Atlantic Canadian entrepreneurs under 35 years of age.
  • Women In Business Initiative (WBI) provides financial support to not-for-profit business organizations to then help women entrepreneurs find the resources they need to grow their businesses and compete.

Seed Capital Program – ACOA

If you are a young entrepreneur (between 18 and 34) living in Moncton, Saint John, Fredericton, Halifax or St. John’s, the Seed Capital Initiative may be able to help you start, expand or modernize your business. Older than 35 and looking to start up a new business in these cities? The Seed Capital Initiative may also be able to help. Eligible clients of all ages may also access business training and counseling.