Why a CFDC loan?
Why a CFDC loan?
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A local investment fund for local entrepreneurs
Up to $300,000 for a variety of purposes, supporting multiple goals.
Up to $15,000, for a variety of purposes, supporting multiple goals. Decision within 5 business days.
Financing support of high-growth and innovative Small and Medium-sized Enterprises (SMEs) in rural and urban communities Maximum Loan Amount: $500,000. Visit the official SOFII website to find out more. www.sofii.ca
Offered to local food producers, farm gate, and food + beverage-related businesses to help connect consumers to the producers and generate dollars that stay in our community. Field to Fork financing provides incremental growth assistance with seed funds, growth funds, and Harvest funds at reduced, fixed interest rates with flexible repayment terms to accommodate seasonal sales.
Designed to help new businesses launch and grow. Start-up financing is often the only cash when a business opens. These loans are designed to provide favourable conditions for working capital as the business opens and builds sales and revenues. Start-up loans are structured for graduated repayment with 6 months of payment free followed by 6 months of interest-only payments.
Seed Funds
Eligibility: Start-up or in operation for 1-3 years
Amount: $5,000 - $15,000
Rate: Prime +2.5%
Term: Fixed for 3 Years
Micro
Eligibility: Start-up or in operation for 1-3 years
Amount: $5,000 - $20,000
Term: 1 year graduated + 3 year term = 48 months
Macro
Eligibility: Start-up or in operation for 1-3 years
Amount: $20,000 - $40,000
Term: 1 year graduated + 4 year term = 60 months
Macro 2.0
Eligibility: Start-up or in operation for 1-3 years
Amount: $40,000 - $60,000
Term: 1 year graduated + 5 year term = 72 months
Grow Funds
Eligibility: Expanding, in operation for 3+ years
Amount: $15,000 - $30,000
Rate: Prime +3 %
Term: Fixed for 4-5 years
Harvest Funds
Eligibility: for farm or food processing equipment
Amount: $30,000 - $60,000
Rate: Prime +3.5%
Term: Fixed for 4-5 years
Supports the adoption of technology, equipment and energy efficiency upgrades or renewable energy installations to facilities that positively impact cash flow.
Eligibility: Applicants must demonstrate the investment’s positive impact on energy consumption.
Amount: $50,000 - $85,000
Rate: Prime +2
Term: Fixed up to 96 months