Renfrew County Community Futures Development Corporation (RCCFDC) Social Enterprise Loan
$150,000.00
Loan
Description:
Renfrew County CFDC (RCCFDC) offers a Social Enterprise Loan to qualified businesses producing goods and services for the market economy, but who manage their operations and redirect their surpluses in pursuit of social, environmental and community goals in Renfrew County.
Comments on Funding:
Funding is a loan of up to $150,000:
– 5-year term,
– 15-year amortization,
– the minimum interest rate charged is charter bank prime + 2%.
Continuous Intake
Eligibility:
Applicants must:
1. be social enterprises;
2. be located in the County of Renfrew.
Application Steps:
Applicants must:
1. click on the Loan Application button located at the top of the page to access the business loan application;
2. submit their completed application with the accompanying loan application fee;
3. supply any additional information requested.
Documentation Needed:
Applicants must provide:
1. Completed Loan Application;
2. Statement of Personal Assets and Liabilities;
3. Business Plan (in absence of a Business Plan, a business model canvas);
4. Cash Flow;
5. If purchasing land or building, a signed Offer to Purchase, conditional on financing;
6. A detailed listing of equipment and inventory to be purchased;
Loan Application Fee.
For existing businesses, please also attach:
1. The past 3 years’ financial statements and/or Revenue Canada
Statement of Business Activities (Form T2125)Revenue;
2. Canada Notice of Assessment (T2 for Corporations)Current HST Return for Registrants;
3. Confirmation that WSIB and Source Deduction payments are up-to-date;
4. Articles of Incorporation and/or Trade Name Registration.
Other Things to Note:
- All
- Clara and Maria
- East Region
- Hagarty and Richards
- Lyndoch and Raglan
- Non-profit Organization
- Ontario
- Town of Arnprior
- Town of Deep River
- Town of Laurentian Hills
- Town of Petawawa
- Town of Renfrew
- Township of Admaston/Bromley
- Township of Bonnechere Valley
- Township of Brudenell
- Township of Greater Madawaska
- Township of Head
- Township of Horton
- Township of Killaloe
- Township of Laurentian Valley
- Township of Madawaska Valley
- Township of McNab/Braeside
- Township of North Algona Wilberforce
- Township of Whitewater Region
- Working Capital
About the author
Maurice
