LAMBAC Community Futures Development Corporation Access to Capital Program
$300,000.00
Loan
Description:
LAMBAC CFDC’s Access to Capital Program offers a small business loan to business owners in LaCloche Manitoulin region..
Comments on Funding:
Funding is a loan of up to $300,000.
Continuous Intake
Eligibility:
Applicants must:
1. be new businesses;
2. be existing businesses;
3. be in any of these legal structure:
a) Corporation;
b) Partnership;
c) Proprietorship;
d)Other business structure.
4. be located in LaCloche Manitoulin region.
Application Steps:
Applicants must submit the completed loan application to LAMBAC two weeks before that month’s meeting in order to be circulated to the Board of Directors with sufficient time for them to review before they make a decision.
Documentation Needed:
Applicants must provide:
1. a completed loan application form,
2. business plan, and
3. other information as requested.
For existing businesses:
1. Municipal Tax Certificate showing taxes are current;
2. Proof of Payment of government remittances;
3. Statement showing GST is current;
4. Statement showing PST is current.
Other Things to Note:
About the author
Maurice
