financing for local
We offer term loans up to $150,000
to qualifying small and medium-sized companies for start-up, relocation, maintenance or business expansion in Renfrew County.
We offer flexibility with repayment terms and monthly payment management.
We often offer special loan programs that respond to the needs of our community and local economy; it’s never a one size fits all approach.
We spend valuable time getting to know the business and owner on a personal level.
We know that for businesses to be successful, support has to go beyond a transaction.
We provide ongoing free advisory services and go the extra mile to refer you to other programs that will help you reach your goals.
Provided to SMEs up to a maximum of $150,000 and 5-year term, 15-year amortization, the minimum interest rate charged is charter bank prime + 2%. Businesses that have been turned down by a bank, or require more money than the bank can offer are eligible for CFDC financing.
Do your needs exceed $150,000? We will work with you to see what flexible options are available.
Contact us today to discuss how we can help.
Are you applying for a grant under your municipality’s Community Improvement Plan? We can provide a matching loan, up to $10,000, which can count towards your contribution to the project. Low interest rate and flexible repayment terms. Proof of Municipal CIP Approval is required.
The Hospitality Industry is one of the toughest industries to secure funding from a traditional lender. We have developed a loan package that understands the obstacles facing many of the business owners in this industry sector and the overall impact their business may have on a community. The loan offers a flexible repayment schedule that follows the cash flow of their business.
Businesses in the Tourism Industry are affected by a number of factors outside of their control causing ongoing changes in their financial needs. The Tourism Loan is designed to recognize the impact these changes cause and provide a loan product that can be specifically tailored to meet the needs, timing and cash flow situation of each individual applicant.
We provide financing to Social Enterprises in Renfrew County. A social enterprise is a business, who produces goods and services for the market economy, but who manage their operations and redirect their surpluses in pursuit of social, environmental and community goals.
The goal of this Loan is to provide funds to support capital improvement that will assist in the long term economic development of Renfrew County. Through providing access to capital for building retrofit, our region will benefit from more desirable options for places to conduct business, while limiting the financial burden for building improvements.
Are you, or will you soon be a graduate of the Business Program at Algonquin College in the Ottawa Valley? If so, we are pleased to be able to offer the Graduate Ignite loan, of up to $10,000 with no application fee to help with start-up or early-stage businesses. Proof of graduation is required, and clients are subject to credit analysis.
Funding opportunities advance economic development in rural eastern Ontario by contributing to the growth of businesses and communities. Check this page regularly to find out more about the current opportunities offered by Community Futures and our partner organizations