Fondation Franco-Ontarienne – Micro-credit Funds

Description:

With support from the Federal Economic Development Agency for Southern Ontario and in partnership with the Prescott-Russell Community Development Corporation (SDCPR), the Franco-Ontarian Foundation (Foundation) supports Francophone entrepreneurs girls from Southern Ontario (Windsor to Hawkesbury). The micro-credit program provides borrowers with repayable financial assistance, offered in the form of loans.

Comments on Funding:

The funding will take the form of a repayable loan of up to $30,000 ($15,000 from the Foundation and $15,000 from the Prescott-Russell Community Development Corporation (SDCPR)).

Eligibility:

The applicant must be a french-speaking business that:

  • will help improve business performance and productivity;
  • will mainly employ Francophones to fill the jobs created and/or maintained;
  • presents a reasonable possibility of achieving economic validity;
  • has an active French-speaking offer (marketing, promotion, website, etc.);
  • does not infringe good morals;
  • demonstrates that they are commercially viable;
  • demonstrates the ability to repay all the funds advanced to it by the IDESO Investment Fund, in the form of a loan or participation in its share capital;
  • is able to demonstrate that it has the potential to create or maintain new jobs in the territory designated in the mandate;
  • has its head office in Ontario;
  • is located or plans to be relocated in one of the following regions: Brant, Lennox and Addington, Bruce, Middlesex, Chatam-Kent, Niagara, Dufferin, Northumberland, Durham, Ottawa, Elgin, Oxford, Essex, Peel, Frontenac, Perth, Gray, Peterborough, Haldimand-Norfolk, Prescott and Russell, Haliburton, Prince Edward, Halton, Renfrew, Hamilton, Simcoe, Hastings, Stormont, Dundas and Glengarry, Huron, Toronto, Kawartha Lakes, Waterloo, Lambton, Wellington, Lanark, York, Leeds and Grenville.

Applications Steps:

Applicants must submit the application form and the supporting documentation to Marc Lavigne, General Manager at dg@fondationfranco.ca or 613.565.4720.

Documentation Needed:

Applicants must submit:

  1. the disclosure of personal information (i.e., divulgation de renseignements personnels) of each applicant;
  2. the disclosure of company information (i.e., divulgation de renseignements sur l’entreprise);
  3. the notice of consent to the Prescott-Russell community development corporation (i.e., avis de consentement à la Société de développement communautaire de Prescott-Russell) from each applicant;
  4. annex a – forecast of results (i.e., prévisions des résultats);
  5. annex c – personal balance sheet (i.e., bilan personnel) for each applicant.

Other Things to Note:

There is no deadline for submitting an application. Each applicant will be notified of the outcome of their application no later than 90 days after receipt of the duly completed documents.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *