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Starting a small business in Newfoundland and Labrador

If you are starting a small business or growing your existing business, CFIB has some helpful links to financing options, information about hiring your first worker and organizations that can help you make decisions. 

Financing Options
The Government of Newfoundland and Labrador offers several financing and incentive programs through their Business and Economic Development site. Please review the list of programs

Private sector lenders and investors provide financing in order to earn a return on their money. Canada Business has some pointers on it.

Starting a Business
If you are starting a small business in Newfoundland and Labrador or even if you need advice and expertise, the provincial government offers resources such as Small Business Counselling.

Some of the activities supported include:

  • independent review of the viability of the proposed business concept and business plans;
  • on-site monitoring as participants develop their business; and
  • post-project participant follow-up and support.

Eligibility requirements and more information can be found in the fact sheet.




August 16, 2021

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