Loans

Why a CFDC loan?

We offer flexibility with repayment terms and monthly payment management.
We often offer special loan programs that respond to the needs of our community and local economy; it’s never a one size fits all approach.
We spend valuable time getting to know the business and owner on a personal level.
We know that for businesses to be successful, support has to go beyond a transaction.
We provide ongoing free advisory services and go the extra mile to refer you to other programs that will help you reach your goals.

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Loans up to $300,000

A local investment fund for local entrepreneurs

Standard

Up to $300,000 for a variety of purposes, supporting multiple goals.

Micro Express

Up to $15,000, for a variety of purposes, supporting multiple goals. Decision within 5 business days.

SOFII

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

Field to Fork

Start-up

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

Going Green

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