Comments on Funding:
Funding is a loan of up to $300,000.
Interest rates vary with the level of risk.
Applicants can be new business starts as well as existing businesses.
Other Things To Note:
NWOIP loans: Community Futures Development Corporations (CFDCs) in Northwestern Ontario now have the ability to provide loans to Northwestern Ontario businesses in excess of their normal lending cap of $300,000, to as much as $600,000. With the help of the CFDCs’ funding partner, FedNor/Industry Canada, these loans are available to Northwestern Ontario Businesses for starting a new business or expanding an existing