Small Business Loans
Small Business Loans

Brantford
Enterprise Brant

Caledonia
Grand Erie Business Centre Inc.

Ingersoll
Oxford Small Business Support Centre Inc.

Oshweken
Two Rivers Community Development Centre

A Community Futures
Development Corporation

Small business loans may be available through the NDBDC to businesses not able to acquire traditional bank financing.

Loan Amount	maximum of $150,000
Interest Rate	prime plus 3.00 percent or 11.00 percent, whichever is greater, adjusted annually
Term	negotiable up to five years; amortization period up to 15 years if security is appropriate loans are open and can be paid out at any time without penalty
Uses	equipment, inventory, leasehold improvements, working capital, debt consolidation, land or buildings
Security	sufficient business and personal assets required to secure loan.
Fees	$75 non-refundable review fee, 0.75% of principal application fee (to max of $750)

Who Can Apply?

Client demonstrates significant commitment to the business, including sufficient security
Client develops realistic business plan with reasonable profit
Client has necessary skills and experience
Number of jobs impacted in the community by business
Traditional bank financing not available

Prepare a business plan - your blueprint to your business proposal
Prepare one year cash flow projection (if an existing business, provide at last two years of financial statements)
Meet NDBDC staff to review the financing required
Loan application fee of 0.75% of principal borrowed required with application and personal financial statements (the $75 loan review fee contributes to the cost of the application fee)