Micro-Loan Program For Female Entrepreneurs

Under the Micro-Loan Program, female entrepreneurs from across Cape Breton – Unama’ki will be eligible to apply for a loan of up to $10,000. 

Jan 30, 2023 Update: Due to an increased level of interest and number of applications, we are temporarily closing applications for this program while current applications are reviewed. If you wish to be notified when the applications will be open again, or when a future offering of this program is available, please complete the form at the bottom of this page. Thank you for your patience and interest in the Micro-Loan Program.

New businesses create new employment opportunities, and both directly benefit the Cape Breton – Unama’ki economy. That is why the Cape Breton PartnershipSydney Credit Union, and Cape Breton Regional Chamber of Commerce have joined together to announce the latest round of a micro-loan program for female entrepreneurs in Cape Breton – Unama’ki.

Under the Micro-Loan Program, female entrepreneurs from across Cape Breton – Unama’ki will be eligible to apply for a loan of up to $10,000, offered at a low-interest rate, with zero percent interest for the first six months. Participants in the program will also receive a one-year membership with the Cape Breton Regional Chamber of Commerce. The program’s third round officially opened on January 1, 2023, and will run for three months or until the program funds are allocated. 

All financial aspects of the loan will be managed by the Sydney Credit Union, and the Cape Breton Partnership will provide access to mentors, programs, and additional resources that participating entrepreneurs may require such as business planning, support for export, immigration and economic research. Participants will also commit to submitting monthly status reports to the Cape Breton Partnership. 

Each application will be evaluated and considered on a case-by-case basis and will use the Sydney Credit Union’s existing adjudication and due diligence process in making decisions to grant loans.

If you would like to be notified of future updates on this program, please enter your information below.

(e.g., Joe’s T-shirt Printing Shop in Annapolis Royal)
(e.g., Sydney River; Ingonish; St. Peter's; etc.)

If you have any questions, or would like to receive an off-line version of the application, please contact Lan Zheng, Economic Development Officer, at lan@capebretonpartnership.com.

Local Cape Breton – Unama’ki entrepreneurs are also encouraged to visit EntrepreneurCB.com for further resources and supports!

This project is made possible by the Cape Breton Partnership’s collaboration with the Sydney Credit Union and Cape Breton Regional Chamber of Commerce, as well as Cape Breton – Unama’ki’s First Nation and Municipal partners through both the Cape Breton Regional Enterprise Network and the CBRM Regional Enterprise Network.