Helping small businesses with big ideas is precisely why the Small Business Loan Guarantee Program was created.

It is the only financing program of it’s kind designed to empower small businesses in Nova Scotia to succeed. The program is a joint initiative of the Nova Scotia Co-operative Council, Atlantic Central, local participating credit unions, and the Province of Nova Scotia. Together, we are delivering better financial assistance for the start-up and expansion of small businesses. The Small Business Loan Guarantee Program supports provincial business owners with creating and maintaining rewarding careers for Nova Scotians each year.

Credit unions are the only financial provider to offer access to the financing program, which ensures investments in our small businesses start and stay in Nova Scotia. Credit unions can provide financing up to $500,000 in the form of term loans, working capital and lines of credit. No other financing programs provide access to working capital or lines of credit to individuals who would like to start or purchase a small business and/or grow and expand an existing business.

Each application is evaluated on a case-by-case basis and is based on your business plan, viability and character. Your character? That’s right. And it doesn’t stop at the approval. The program is designed to empower Nova Scotia businesses to succeed with ongoing support, including access to a wide network of mentors for business coaching. That makes this program accessible and supportive for Nova Scotia small businesses.

For more information about this program please visit:
http://www.novascotia.coop/programs/small-business-loan-guarantee-program/