The Covid-19 pandemic created significant challenges for small, locally owned urban businesses.
Throughout these challenging times, CEED was proud to help administer the Urban Main Street Loan Initiative (UMSLI) which helped to finance day-to-day business operating costs. UMSLI was a Regional Relief and Recovery Fund (RRRF) provided by the Atlantic Canada Opportunities Agency (ACOA).
The First Hand Impact stories below are testomials to the positive impact UMSLI had on small businesses by helping them get through this difficult pandemic.
Searching for more information on CEED’s other funding opportunities? Click here.
Throughout these challenging times, CEED was proud to help administer the Urban Main Street Loan Initiative (UMSLI) which helped to finance day-to-day business operating costs. UMSLI was a Regional Relief and Recovery Fund (RRRF) provided by the Atlantic Canada Opportunities Agency (ACOA).
The First Hand Impact stories below are testomials to the positive impact UMSLI had on small businesses by helping them get through this difficult pandemic.
Searching for more information on CEED’s other funding opportunities? Click here.
Starting Conversations: Urban Main Street Loan Initiative with Paul McGinn & Seydou Diallo
We sat down with two of our key players involved in the administration of UMSLI to speak on the initiatives background, merits and overall adaptability. Take a deep dive with us into what UMSLI is all about.
Testimonials:
Devon Sherrington - 360fit
“I wasn't able to apply for a governmental loan because I use contractors in my business. I didn't have employees, and I thought I was out of luck. The loan from CEED gave me enough cash flow that we could stay afloat."
Jasmeen Srivastawa - Vines Pasta Grill
When we had to close, our cash flow dried up, but we still had rent and vendors to pay. Organizations like CEED exist to help small businesses. The UMSLI loan will help us close the fiscal year with profit, and we'll soon be in a position to pay it back. CEED put us back in the game.
Paul MacInnis - HaliMac Axe Throwing
Whether it was meeting payroll, ensuring rent was paid on time, or operational expenses incurred due to the pandemic, our CEED loan was able to be deployed. We look forward to returning to normalcy soon and are thankful to CEED for their support along the way.
Other financing options with CEED:
Is an UMSLI Loan not the right loans program for you? CEED offers other intuitive financing options for any business. No matter where you are in your entrepreneurial journey, we’re here to help.
Start-up Loans
Looking for the financial foundation you need to successfully launch your business?
CEED | START-UP LOANS
CEED | START-UP LOANS
CEED | START-UP LOANS
For over 25 years, CEED has connected entrepreneurs with the resources required to help fund their ventures. CEED’s Startup & Expansion Loans lay the groundwork for you to take the next step with your idea or enterprise.
learn more
Expansion Loans
Is your business ready to grow, but you lack the financing to make it happen?
CEED | EXPANSION LOANS
CEED | EXPANSION LOANS
CEED | EXPANSION LOANS
For over 25 years, CEED has connected entrepreneurs with the resources required to help fund their ventures. CEED’s Startup & Expansion Loans lay the groundwork for you to take the next step with your idea or enterprise.
Learn More
