Manitoba Business Start Program
Business Start is designed to promote the success of new business start-ups by ensuring that entrepreneurs have fully researched their ideas by means of a comprehensive business plan, by offering business training and counselling, and by providing access to funding through a loan guarantee. Crosstown Civic Credit Union is a participating financial institution of the Business Start Program, which offers a five year loan of up to $10,000 to help you get your business up and operating. All loans are guaranteed by the province.
Who qualifies?
- Must be operated in Manitoba.
- Must be a business created for the purpose of making a profit.
- Business operations must be outside of the following excluded categories: financial services, insurance, real estate services, professional and primary production (oil and gas, pulp production, mining, and farming).
- Must be just starting up or have been operating less than six months prior to applying. A part-time operation with less than $15,000 net income in the last 12 months.
- Must be the major source of employment of the applicant. i.e. occupies not less than 30 hours per week of applicant's time.
- Must be a full time, year round business.
- Must meet the program's small business definition. i.e. less than 20 employees and less than $2 million per year in gross sales (both criteria have to be met in year one).
- Must be substantially different from a business carried on in Manitoba in the same market area by an associate (spouse, parent, or child) of the applicant.
For more information, please visit www.cbsc.org