For support with any of the below steps, please book a meeting with Logics using this link. An expert advisor will walk you through the process live via a screenshare Microsoft Teams call.
STEP 0: Introduction to CDAP
STEP 1: CDAP Application
STEP 2: CDAP Report Submission
- Upload pdf CDAP report and CDAP invoice to portal
- Wait 2 weeks for approval and receive $15k grant
- Remit payment to Logics for invoice
STEP 3: BCD Loan Application
- Create BDC profile and apply for loan through CDAP portal
- Upload ID and financial statements
- Sign BDC agreement to accept loan
- Wait approx. 3 weeks and receive loan
STEP 4: Magnet Wage Subsidy Application
- Create Magnet profile and apply through CDAP portal
- Business owner sign Magnet Agreement
- Employee sign Magnet Agreement
- Receive wage subsidy after placement term complete