Email us at:info@essexcfdc.on.ca
Small Business Loans Through Government of Canada funding, Essex CFDC provides
Financing up to a maximum of $150,000 in the form of a loan to qualified businesses
Repayment terms are flexible
Assistance in preparing business plans
Viability assessment of your idea or project and assistance in securing financing
Information on Government services and programs of benefit to small business
Lending Criteria
The loan request must be for business start-up or the expansion of an existing business
The business must be located in rural Essex County
The business must create and/or maintain employment for Essex County
Interest rates can not be less than rates charged by a traditional lender
Interest rates are based on Prime plus 2% to 5%
No grants or forgivable loans
Traditional bank financing unavailable
Loan requests are assessed on the basis of :
Business Plan viability
Management Expertise
Job creation/maintenance
Owner equity (typically 25% of total project)
Security (i.e. assets, property, 3rd party guarantees, etc.)
How to Apply:
Contact the Office
Loan Application
"I met with the Essex CFDC in 1995 and got help with start-up, education, research and all the support needed to start my business.” Luiz Alves, Bits & Bytes Computers
