1000 Islands Community Development Corporation – Business Financing
Description:
1000 Islands Community Development Corporation’s Business Financing program provides commercial loans up to $250,000 to new or existing businesses in South Leeds when financing from more traditional sources is unavailable or insufficient. Funding is available for start-up, expansion or stabilization plans that help maintain or create jobs.
Comments on Funding:
Financing will take the form of repayable financing of up to $250,000 on commercial loans or equity investments.
Loan terms and conditions:
- loan rates are indicative of risk, as assessed at our sole discretion, and typically range from a minimum of prime rate + 2% to prime rate + 5% (or higher according to risk).
- loans often require security.
Eligibility:
Applicants must:
Applications Steps:
Applicants must submit the fully completed and signed online application form and all the supporting documents.
Documentation Needed:
Applicants must submit:
When It Ends:
Ongoing
Deadline:
Rolling deadline