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impact provides access to capital; up to $20,000 in business loans throughout urban Atlantic Canada, with flexible equity, interest and repayment terms.

Everything you need to know

Terms

Repayable loan to a maximum of $20,000 at any given time

No Penalty

prepayment accepted, in whole or in part, at any time without penalty

Interest

Flexible interest rate starting at prime plus 2%

Repayment

Flexible repayment period up to five years

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impact

Your Knowledge - Your Growth - Your Revenue

If you are a young entrepreneur (between 18 and 34) living in St. John’s or Mount Pearl, impact may be able to help you start, expand or modernize your business. (Older than 35) and looking to start up a new business? The Program may also be able to help. Eligible clients of (all ages) may also access business training and counselling.

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More Lending Options

Kick$tart

Aimed specifically for youth under the age of 35, Kick$tart provides a low-interest loan suitable for the young entrepreneur.​

Futurpreneur

Futurpreneur can help launch and sustain a successful business for entrepreneurs aged 18-39 with financing and mentoring.

Support

We are committed to building an environment for Social Enterprises through community, growth and opportunities.​

More from Metro

Group of Multiethnic Diverse People Teamwork.

Support

If you are a non-profit organization with a social enterprise or wanting to start one, Support may be able to help you start or expand it

Multi ethnic group of cool young people sitting at the table and working together, using laptop, computer, discussing.

Training

There's always something new to learn. Our Training and workshops help you provide the best services and understand the benefits of the bottom line