Newcomer Loan Program

We recognize the role that newcomers play in economic development. The Newcomer Loan is designed to provide financing to those who would otherwise not receive support because of their resident status. Loans are available up to $20,000 for newcomers to start or expand a small business in Newfoundland & Labrador. Eligibility would be for individuals 19 and older who do not have permanent resident status. Reach out to MBO to learn more.