Newcomer Entrepreneur Loan

LoanCanada — federalUp to $50,000

A loan program from BDC designed for immigrants who have been in Canada less than three years and have permanent resident or protected person status. The program provides up to $50,000 in financing to help newcomers start or grow their business, even with little to no credit history.

What you'll need

  • Viable business plan
  • Proof of permanent resident or protected person status
  • Personal identification

How it works

Related programs

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