Opportunities NB offers a wide range of financial tools to support business development to eligible companies of any size. For all assistance requests, a thorough evaluation of the company’s financial requirements and stability is required in order to determine the financial risks, and the benefits of carrying the specific project(s) forward, and how they impact the company’s future economic growth.
The tools below can be used to support a start-up, an expansion, new exporters, purchase of new equipment to increase production capacity, new product and new international market developments, productivity improvement, innovation, adoption of new technology, productivity improvement, and expansion of the workforce.
A direct loan may be provided to a company for capital expenditures and/or working capital purposes. Loans are repayable with interest at or near market rates over a negotiated term. The Company will be asked to provide an acceptable level of security to secure the loan, according to the level of risk of the project.
A loan guarantee may be provided to secure a line of credit, a loan or a portion of a loan that is made to a business by a financial institution. The lending institution administers the loan and holds the security. Loan guarantees are frequently used for purposes of increasing working capital borrowing ability, but may also be used to secure additional term debt for working capital or capital expansion purposes.
Payroll rebates may be available to companies for workforce expansion. Rebates would be paid on a percentage of incremental salaries that meets a certain threshold. Rebates would be paid only after annual claims are made.
Non-repayable contributions, when appropriate, may be provided for capital projects that have economic benefits for both the company and the Province of New Brunswick. In some instances, the contributions are provided via a forgivable loan.
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