Two Rivers Community Development Centre (TRCDC) -General Loans (2022)
Description:
TRCDC provides financing up to $1,150,000 to First Nations entrepreneurs in their service area. Loans are available to assist with, expanding an existing business, acquisition of an existing business, purchasing equipment, and working capital for inventory and day to day expen
Comments on Funding:
Funding is up to $1,150,000 for General Loans. Two Rivers can provide up to $500,000 directly and an additional $650,000 from Aboriginal Impact Capital that is controlled by Two Rivers and two other Aboriginal institutions.
Loan terms and conditions:
- Adequate security is required (which could include both business and personal assets).
- Flexible repayment terms are available.
Eligibility:
Academic institutions must:
Applications Steps:
Documentation Needed:
Applicants must submit:
- an application form;
- a detailed business plan.
Other Things to Note:
Two Rivers service area:
- First Nations:
- Missisaugas of the Credit First Nation,
- Six Nations of the Grand River.
- Counties
- Oxford, Norfolk,
- Perth, Waterloo,
- Wellington Peel,
- Dufferin, Grey,
- Brant, Haldimand,
- Hamilton, Niagara,
- Halton, Simcoe, and
- York including the,
- GTA.
When It Ends:
Ongoing
Deadline:
Rolling deadline