To provide seed capital to both new start-up and existing businesses in order to enable them to grow to a stage whereby they qualify to seek financing from private commercial institutions

Loan Amount

  • Minimum Amount: $7,500.00
  • Maximum Amount: $100,000.00

Interest Rate

  • 9% Fixed Interest Rate

Loan Term

2-15 years

Eligible Projects

  • Manufacturing
  • Transportation
  • Agriculture
  • Tourism
  • Fisheries
  • Professional Services
  • Specialty Retail
  • Renewable Energy

Eligible Uses of Loan Funds

  • Working Capital
  • Purchase of equipment, machinery and tools.
  • Construction or renovation of building for non-residential use.

Local Delights is an example of a DBAS funded business, under the CSBG Program.


Please CALL or EMAIL us to schedule an appointment. Please download, print and fill in Applications listed below, and present them to your loan clerk, upon arrival to your appointment. We’ll see you soon!