CEED was proud to administer the Urban Main Street Loan Initiative (UMSLI) through the Atlantic Canada Opportunities Agency (ACOA) Regional Relief and Recovery Fund (RRRF).
Funding for Urban Main Street Loans has now been fully dispersed. It’s been a privilege to distribute these funds to distressed businesses across the province, play a small part in their story, and watch their path to recovery unfold.
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. The loan was a buffer, took a lot of pressure off, made it so we didn’t have to say, “oh my god, what are we going to do?” It gave us the time we needed.”
Jasmeen Srivastawa – Vines Pasta Grill
“We have a small place at Vines. 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.”
Although funding through UMSLI is no longer available, CEED continues to offer intuitive financing options for any business. No matter where you are in your entrepreneurial journey, we’re here to help.