Up to $250 000 or in combination with another lender
Small Business Loan
Term Loans available up to $250 000 for businesses who qualify.
Help in preparing your business plan
Evaluation of the viability of your business venture and assistance in obtaining a realistic financing
Information concerning government programs and services available to small businesses.
The loan must be used to start or expand a small business
The business must be physically operating in Prescott-Russell
The business must maintain or create employment
Interest rate is fixed to the National Bank of Canada prime rate plus 3%
Grants, bursaries or forgivable loans are NOT available through the PRCDC
The loan applicant must be able to financially contribute to his/her project
Must be declined by a financial institution or may be a partnership with a financial institution