Impact provides Atlantic Canadians with a loan to start or expand small businesses. With low interest rates, a quick and easy application process, and a drive to help people reach their goals, Impact is built to do exactly what its name says.
- Repayable loans of up to $25,000
- Low interest rates, with flexible repayment terms
- No penalty for early repayment of loan principal
- New start-up financing for business owners 19+
- Growth/expansion loans for business owners 19-39
- Access to business skills development sessions
- Available to entrepreneurs in Mount Pearl & St. John's
Impact offers small business loans in amounts up to $25,000, with flexible repayment terms and low interest rates. In addition to financing, Impact includes access to business skills development opportunities, so you can learn the essentials for running a successful business, while focusing on what you know best. Impact provides ongoing business advice and feedback from your loans officer, who will be by your side throughout your entrepreneurial journey.
The Impact loan program is available exclusively in select Atlantic Canadian cities, through members of the Atlantic Urban Partnership. You can apply online with Metro Business Opportunities if your business is starting or expanding in St. John's or Mount Pearl.