CBDC Hants-Kings

What is a CBDC? As a CBDC (Community Business Development Corporation), we assist in the creation of small businesses and in the expansion and modernization of existing businesses by providing financial, technical and counselling services to entrepreneurs. Financial assistance to a maximum of $150,000 is available in the forms of loans, loan guarantees and equity financing to existing and aspiring entrepreneurs. Business counselling and advice is available to small businesses. We help businesses to succeed and therefore we give high priority to the advisory role of our mandate. Entrepreneurship development and training to individuals and small business owners/managers is available through many of our offices. Technical assistance usually takes the form of guidance and coaching, and sometimes advocating on behalf of our clients to other lending establishments or regulatory agencies. Typically, our services are targeted to entrepreneurs who require customized financing not normally available through traditional sources. Volunteer Board One of the keys to our success is that investment decisions are made by an independent Board of Directors sensitive to the needs of the community. The directors are volunteers, generally business men and women, who believe in our communities and possess an outstanding commitment to making them a better place in which to live and work. Past surveys have indicated that the strength of the CBDCs is in our volunteer Boards. The knowledge of the local markets, the business environment and people is the basis for our effectiveness and success.