Superior East Community Futures Development Corporation Business Loans
$150,000.00
Loan
Description:
The Superior East Community Futures Development Corporation offers loans to new and existing businesses located in the Superior East Region
Comments on Funding:
Funding is a loan of up to 150,000:
– Loans up to $750,000 may be considered under special circumstances;
– 10-25% equity is required;
– Loans bear a fixed interest rate of Prime plus 2%;
– Terms may be between 1 and 15 years;
– Seasonal payments are an option.
Continuous Intake
Eligibility:
Applicants must:
1. be new or existing businesses;
2. be located in the Superior East Region;
3. must maintain or create jobs for individuals in the region.
Application Steps:
Applicants must:
1. fill out the application form and e-mail to: amos@superioreastcfdc.ca.
**Please note that you need to save the application form to your computer before filling it out**
2. fill out the Loan application form (assistance is provided if needed).
3. submit the supporting documents through email or by mail;
4. be notified of the decision.
Documentation Needed:
Applicants must:
1. either e-mail completed application form with financial statements if applicable (if the business is an existing one, the CFDC requires 3 years of financial statements) or mail it to:
Superior East CFDC
14 Ganley Street
P.O. Box 709
Wawa, ON, P0S 1K0
2. provide additional information as requested.
Other Things to Note:
About the author
Maurice
