Financial Assistance.
Kawartha Lakes CFDC currently has a lending capacity of up to $300,000 for local businesses that cannot secure financing through more traditional channels.
We are not in competition with other financial institutions but encourage collaboration and partnerships with these institutions in providing critical capital and financing needs to our local entrepreneurs who are looking to start, innovate or grow their business.
Financing available for…
Innovation
New method, idea or product that changes the way you do business.
Growth
Support for businesses looking to expand in or outside their industry.
Space
Commercial property and building construction.
Capital
Inventory purchases or start up costs for new/expanding businesses.
Business Loan Process & Information:
Reach out to Jamey to discuss your project and application requirements. (705-328-0261 ex. 2 | loans@klcfdc.com)
Business Loan Application Process
01.
02.
03.
Step 1 and 2 must be completed for an application to be reviewed. You will receive confirmation of your application by email within 1 business day.
Evaluation Criteria
The application should show:
Evidence of commitment to the business both from a resource and financial position;
Details to help us determine the business’ viability;
Collateral in support of your loan request;
Your ability to demonstrate to us that you possess the necessary skills and experience related to running your business successfully.
Approval & Application Fee
Approval
Once your loan application is approved, you will receive a written Letter of Offer outlining the loan terms and conditions. Upon your acceptance we will proceed with making signing arrangements, registering the loan security and in some circumstances working with legal counsel to have the loan security registered.
Application Fee
If the application is approved and disbursed, there is an Application Fee of 0.5% of the approved loan amount.
For an appointment, please contact:
Vince Killen
Executive Director
705-328-0261 ex. 1