CANADA DIGITAL
ADOPTION PROGRAM
CANADA DIGITAL ADOPTION PROGRAM(CDAP)
LOAN ELIGIBILITY AMOUNT: UP TO $100,000 AT 0% INTEREST FOR 5 YEARS
Change Connect is a certified digital advisor with CDAP to help you put together a digital strategy and implementation plan that allows you to leverage digital technologies in the workplace. Participation in this advisory service will make you eligible to apply for interest-free funding of up to $100,000 to put the plan into action. The result? Higher productivity, enhanced customer experience and increased competitiveness.
Everything’s gone digital! Get on board and digitize your business today!
WHAT DOES THIS PROGRAM CONSIST OF?
FAQ
WHAT IS CDAP?
-
The CDAP grant covers up to 90% of the eligible cost of retaining the services of a digital advisor, up to a maximum grant value of $15,000 per SME, to develop a digital adoption plan.
-
A loan of up to $100,000 on a 0% interest 5-year term with 12 months capital postponement (total of 6 years).
HOW MUCH FUNDING ARE WE ELIGIBLE FOR?
CDAP OFFERS TWO OPTIONS:
-
The CDAP grant covers up to 90% of the eligible cost of retaining the services of a digital advisor, up to a maximum grant value of $15,000 per SME, to develop a digital adoption plan.
-
A loan of up to $100,000 on a 0% interest 5-year term with 12 months capital postponement (total of 6 years).
a. For businesses with revenue between $500,000-$5M a loan of $25,000-$50,000 can be requested.
b. For businesses with revenue over $5M a loan between $25,000-$100,000 can be requested.
