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CBDC NORTIP
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CBDC NORTIP: Student Business Loans

The Student Business loan program will be available on April 1st until July 15th of every year. Students will be able to apply for low interest loans (prime plus 2%) of up to $5,000 to start, expand or maintain business during the summer season. Counselling assistance and follow-up guidance will be provided to each student client.

To be eligible the applicant must:

  • Be a full time student, high school, college or university. Must be
    returning to full time studies in the fall;
  • Be between the ages of 15 and 29 at the time of application;
  • Devote at least 30 to 40 hours a week to their business and cannot
    have another full time summer job;
  • Provide a product or service and be independently and privately
    owned and operated by the student and/or partners if applicable;
  • Obtain the co-signature of a guardian or parent; and
  • Supply a written business plan detailing their business, along with a
    cash flow projection of the upcoming season.