The type of financial asistance can vary in accordance with the requirements
of the enterprise and the impact of the project.
The types of financial services available are:
An Investment Loan may be from $5,000 to $125,000 and may be:
- a conventional business loan
- share-capital
- jointly funded
It can create, purchase, expand or modernize a business. A request
to finance existing debt is inadmissible.
The business project must create/maintain jobs and the proposal will
demonstrate:
- viability with potential for growth
- innovation and not threaten the survival of another local
business
- personal and entrepreneurial qualities of the promoter
The promoter will also:
- inject funds,
- own and operate the business on the territory covered by
the SADC Pontiac Community Futures investment funds,
- benefit from the technical coaching and support follow-up
services included,
- provide personal guarantees,
- additional elements may be required and will be discussed
between the promoter and the advisor.
Admissible Business Sectors:
- processing and manufacturing
- information technology
- services and tourism
Business categories and sectors that are saturated locally may not be financed.
A Youth Strategy Loan:
- may be from $5,000 to $15,000
- targets young adults from 18 to 35 years of age
- carries no interest for the first 2 years of repayment
It can create, purchase, expand or modernize a business. A request
to finance existing debt is inadmissible.
The loan may be used to finance:
- capital
- building
- start-up costs
- cashflow
The business project must create/maintain jobs and the proposal
will demonstrate:
- viability with potential for growth
- innovation and not threaten the survival of another local
business
- personal and entrepreneurial qualities of the promoter
The promoter will also:
- inject funds,
- own and operate the business on the territory covered by
the SADC Pontiac Community Futures investment funds,
- benefit from the technical coaching and support follow-up
services included,
- additional elements may be required and will be discussed
between the promoter and the advisor.
Admissible Business Sectors:
- processing and manufacturing
- information technology
- services and tourism
Business categories and sectors that are saturated locally may not
be financed.
Our Business Plan Guide is designed to help you create a successful
business plan which will provide a positive picture of your proposed
business. The downloadable file is a Word document (128 kb).
Download the Business Plan Guide (businessplan.doc)
Need more help with your business plan?
Try the Interactive Business Planner (www.cbsc.org/ibp)
Contact SADC
Pontiac
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