Middlesex Community Investment Fund (MCIF)

Who Qualifies?

Loans up to a maximum of $250,000 are available to organizations in our region who are focused on agribusiness, tourism, green initiatives, renewable energy, food processing, or manufacturing.  Preference is given to organizations that are able to also leverage other federal, provincial, municipal, and/or private sector investments.

Eligible applicants include:

  • Private enterprise
  • Community Organizations
  • Not-for-Profit Organizations
  • Co-Operatives
  • Social Service Institutions
  • Business Associations, or
  • Municipalities

What is the application process?

The Middlesex Community Investment Fund (MCIF) application process requires:

  • Completed business plan
  • Personal statement of affairs
  • Business bank / credit information
  • Disclosure and release statement
  • Income statement and cash flow projections
  • Acknowledgement of  CFDC privacy statement
  • List of business assets

All necessary forms are available here.

What does a successful application look like?

We will be interested in your ability to repay the loan, as our goal is to help you now and to eventually receive back the funds you borrow so we can use those funds later again in order to help others.   While we have some flexibility with microloans, larger loan amounts will require security against either business or personal assets (in certain cases this can include the assets that you purchase with the funds you borrow).  Every successful application will need to demonstrate your personal capability and commitment to the business, both in terms of time and resources.

What is the interest rate for an MCIF loan?

Interest rates are determined on a case by case basis, but the minimum rate it 5.0%.