CBDC recently announced additional funding for their Urban Main Street Loan Initiative (UMSLI).

New or existing borrowers may apply at this time. Funding of up to $60,000 total is available for successful applicants.

CBDC Central PEI is a provider of the Atlantic Canada Opportunities Agency (ACOA) Regional Relief and Recovery Fund (RRRF) for “Main Street Businesses” called The Urban Main Street Loan Initiative. The business must be located in the Greater Charlottetown area (Charlottetown, Stratford and Cornwall).

This loan is to be used to finance the everyday operations of a business such as sales and marketing, product development, wages and other activities for businesses such as retail shops, restaurants, corner stores, etc., and businesses of strategic importance to the community. The loan is to assist with eligible working capital costs that were incurred by the borrower after March 15th 2020, and prior to March 31st, 2021.

For more information, visit: https://www.cbdc.ca/en/programs/urban-main-street-loan-initiative-umsli-initiative-des-prets-pour-les-entreprises-urbaines