Wakenagun CFDC’s Investment Fund – Business Enhancement Loan (2022)

Description:

Wakenagun CFDC’s Investment Fund – Business Enhancement Loan provides funding to businesses for marketing initiatives, promotional items, attendance at trade shows, staff training and certifications.

Comments on Funding:

Loan is up to $50,000.

A 10% cash equity is required.

The applicant will pay interest and other fees, if applicable. No repayment penalty is applicable.

Loan is repayable in 3 years.

Eligibility:

Applicants must:

  • Be sole proprietors
  • Be partnerships
  • Be corporations
  • Be not-for profit corporations
  • Have been in business for at least 6 months
  • Have their business located within the boundaries of the Wakenagun catchment area.

Documentation Needed:

Applicants must submit:

  • A Statement of Intent form
  • A project description including estimated costs
  • The most recent financial statements
  • A Statement of Personal Assets and Liabilities.

Other Things to Note:

Wakenagun can provide financing up to a maximum of $150,000 from our Investment Fund in the form of a loan to start or expand a business with a well-documented business plan. These loans are non-forgivable. The program guidelines are from 2016.

Testimonials:

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