Type of Program:
Grand Erie Business Centre provides funding to new and existing small businesses that need capital between $2,500 and $10,000 for equipment, project costs or operating. Approval can be granted in as little as two business days for an Express Loan.
Comments on Funding:
Funding is a loan between $2,500 and $10,000.
Loan terms and conditions:
- 1The loan will be for a maximum term of 36 months at a minimum interest of prime (Bank of Canada) rate.
- 2Security for the loan will consist of a personal guarantee / promissory note.
- 3First three month’s payments are deferred.
- 4Loans are repayable in full at any time without penalty.
When It Ends:
fill out the appropriate application form (for new or existing businesses);
download the application form and save them in order to include the applicant's signature.
Other Things to Note:
Applicants should contact Grand Erie Business Centre (GEBC) for further details.