Business Loans and Equity Investments

Download our online business loan application and business plan template:

• Application For Financing
• Statement of Personal Assets and Liabilities
• Business Plan Template
• Cashflow Forecast

Overview

The CDC’s small business investment fund enables investments to be made through repayable loans, equity participation or loan guarantees, so that eligible individuals and firms can start, maintain, or expand their business.

Eligibility Criteria

• An individual with a business idea, a new business, or an existing business
• Bank funding sources currently unavailable or amounts are insufficient
• Business is viable and will contribute to the local economy
• Within our catchment area

Eligible project costs

• Renovations to existing facilities
• Purchase of land or buildings
• Construction of new facilities
• Equipment
• Inventory
• Working Capital
• Most costs related to operating a business

Terms of Loans

• Repayable financing up to $150,000 (may be higher on exceptional basis) on commercial   terms through loans, loan guarantees and equity investments is available when financing from   other sources is not available or insufficient.
• Loan rates are flexible and reflect the applicant’s ability to pay.

Local Decision Making

• Loans are approved monthly by our Investment Committee, which is comprised of local   volunteers. Your business’ viability, job creation and maintenance make up the general loan   criteria for approval.
• If all information and application is returned to the CDC by the first of the month, a decision is   generally made that same month.

The Next Step…
• Have a question? E–mail Karen Thomas, or drop by our office.
• Interested in filling out an application for our Local Initiatives Fund? Contact us to find out   how or download the application, located in the Local Initiatives Fund section of our Website.
• Completed applications can be faxed, e–mailed, or dropped off at our office.
• You can also stop in and visit our resource centre at anytime.
• Interested in reading client success stories? Visit our success stories or testimonials section.