Prescott-Russell Community Development Corporation Loan Investment Fund: Line of Credit
$150,000.00
Loan
Description:
Prescott-Russell Community Development Corporation’s Loan Investment Fund offers a line of credit of up to $150,000.
Comments on Funding:
Funding is a line of credit of up to $150,000:
– Interest is generally paid on the amount used (variable or fixed);
– secured by assets.
Continuous Intake
Eligibility:
Applicants must:
1. be incorporated SMEs;
2. be located within the designated boundaries in the United Counties of Prescott and Russell.
Application Steps:
Applicants must:
1. fill out the application form for financing;
2. submit the required documents.
Documentation Needed:
Applicants must submit the following:
1. Business registration or articles of incorporation
2. Identification proof with photo (driver’s licence, passport, health card)
3. Proof of citizenship (for newcomers – if applicable) – permanent residency
4. Applicant and partner last income tax statement or notice of assessment
5. Most recent financial statements (if applicable)
Other Things to Note:
About the author
Maurice
