Business Loans & Financing
CFDC Middlesex currently oversees a total portfolio of approximately $7Million available to lend to qualified businesses in our geographic region. Currently, about $3.5Million of these funds have been deployed. Please know that we have funds available to help you!
Our organization has the ability to provide business financing to qualified entrepreneurs and small businesses in amounts starting as small as $15,000, or as large as $600,000. Companies looking for larger amounts are usually referred to financial institutions.
When circumstances require, we also have the ability to pool resources with other Community Futures organizations, through the Western Ontario Community Futures Development Association (WOCFDA). This may be a discussion we can have if your business operates across or benefits many rural areas in Ontario, and larger amounts are required to execute your business plan.
Our office can also facilitate introduction to the WOFDCA team should your organization be interested in applying for funding through the Southwestern Ontario Fund for Investment in Innovation (SOFII). Loans of up to $500,000 may be available through this fund focused on technology and innovation.
Capital helps fuel growth. Our objective is towisely utilize the capital made available to our region in orderto help nurture and develop small businesses in our communities. Ideally, all of the funds made available to our region will be deployed to help further grow our local economy.