Wellington Waterloo Community Futures – Rural Women in Business Loans (2021)
Description:
Wellington Waterloo Community Futures provides rural women in business loans that help with startup funds or expansion plans. The maximum loan size is $250,000.00 to be used for the purchase of fixed assets, leasehold improvements, inventory, expansion, start-up or working capital or a combination of any along with some consolidation.
Comments on Funding:
Funding is up to $250,000.
Loan terms and conditions:
- The loans have very flexible amortization and repayment terms.
- There are no prepayment penalties.
- A $250 fee will be charged on approved loans.
- Applicants are responsible for all legal costs to complete the loan securitization package. These funds can be paid for from the proceeds of the funds to be borrowed.
Eligibility:
Applicant must:
Applications Steps:
Applicant must:
Documentation Needed:
Applicants must submit:
- a Business Plan & Business Loan Application;
- an up to date resume which includes work history, educational background and refers to any transferable skills the business owner has;
- other supporting documents, such as:
- partnership agreement;
- letters of intent from customers;
- existing contracts;
- letters with terms of purchase from suppliers;
- promotional literature;
- Photographs of product or location.
When It Ends:
Ongoing
Deadline:
Rolling deadline