Maurice
Posted: February 27, 2021

Amount:

$10,000

Type of Program:

Loan


Description:

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:

  1. 1
    The loan will be for a maximum term of 36 months at a minimum interest of prime (Bank of Canada) rate.
  2. 2
    Security for the loan will consist of a personal guarantee / promissory note.
  3. 3
    First three month’s payments are deferred.
  4. 4
    Loans are repayable in full at any time without penalty.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicant must:

  • be new or existing small businesses;
  • be in the Grand Erie Business Centre's service area (Haldimand County and the Township of West Lincoln);
  • need capital between $2,500 and $10,000 for equipment, project costs or operating.

Applications Steps:

Applicant must:

1

fill out the appropriate application form (for new or existing businesses);

2

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.

About the author 

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe's background and how he can help your business.

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