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Financing - Investments Funds Loan

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Under the authority of the Board of Directors, the objective of the investment fund is to create and maintain permanent and part time employment opportunities in the region by providing new and existing businesses a source of financing that has a flexible repaying structure.
 

FINANCIAL SUPPORT

​     Term loans available up to $250 000 for businesses who qualify; 

​     Applicable interest rates are the National Bank of Canada rate + 3%; 

​     Flexible terms; 

​     Assistance in preparing your business plan

​     Evaluation ofthe viability of your business venture and assistance in obtaining realistic financing; 

​     Information concerning government and other programs and services available to SMEs. 


ELIGIBILITY CRITERIA

​     The loan must be to start, maintain or expand a business; 

​     The business must be situated in the United Counties of Prescott and Russel région; 

​     The business must create or maintain employment; 

​     The applicant must be able to financially contribute to the project; 

​     The applicant must have been refused by a financial institution or in partnership with a financial institution; 

​     The Investment Fund loan cannot be used to repay debts or obligations owed to the Government of Canada, the Government of Ontario or any other municipal/regional government; 

​     Both the company and the owner must provide proof that they are up to date with government deductions; 

​     Grants, bursaries or forgivable loans are not available through the Investment Fund program. 

 

BEFORE YOU BEGIN

Please downlaod, fill out and submit with your application

Documents to downlaod

     List of documents to submit 
   
     Appendix A - Finance Ratio
   
     Appendix C - Personal finances (each applicant)
   
     Notice of consent to the PRCDC
   
     Disclosure of personal information (each applicant)
   
     Disclosure of information on the company



HOW TO APPLY 

To download the printable version of the application.  PLEASE NOTE: ONLY THE ONLINE VERSION WILL BE ACCEPTED


To download the online version of the application 
 

                            

If you have any questions, please contact us:

info@sdcpr-prcdc.ca
1.877-632.0918
613.632.0918