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About Our Loans
Your hard work and planning can only take you so far. Now you need some money to realize your business dream. CF South Georgian Bay can provide loans up to $300,000 for small businesses in our service area – Georgian Triangle or Dufferin County (view a map of our service area). If you need more than $300,000, CF SGB can access additional funds and partner with other lending organizations to meet your financing needs.
Our loans offer flexible financing with repayment terms designed for your maximum advantage. Loans are available for business start-up, purchase of an existing business, and expansion or maintenance of an established business.
The Community Futures South Georgian Bay volunteer Board of Directors reviews and evaluates each loan application and business plan on its own merits. Members of the Board are local business people with an interest in developing and diversifying our local economy.
Business Loan FAQs
Loans are available for business start up, purchase of an existing business, and expansion or maintenance of an established business.
We support all types of small to medium-sized industry and business. Our mission is to increase and maintain permanent jobs in our area of service.
The best place to start is to schedule an appointment with a CF Business Advisor -Book a FREE Consult General eligibility criteria include:
- Your business must be located in the Georgian Triangle or Dufferin County (view map of our catchment area)
- You must be involved in the day to day operations of the business
- You must be of legal age and a resident of Canada
You have submitted a complete loan application with the outlined supporting documents
We want you to succeed and will provide you with the resources, advice, guidelines and proper forms to make writing your plan as easy as possible (Business Plan Template CF SGB). However, we do not write the plan as it is your plan.
Our volunteer Board Of Directors reviews and evaluates each loan application and business plan on its own merits. Members of the Board are local business people with an interest in developing and diversifying our local economy. Every application is unique. The process from application to approval depends on the complexity of the application and may take from 4 to 6 weeks.
Yes. Our office works collaboratively with other lenders.
If you are interested in applying for a Community Futures business loan, you must be prepared to make a personal investment. We ask that you provide cash plus security (such as vehicles, equipment, land, buildings, etc.) to back the loan. This shows that you are committed to making your business work.
Yes. All financial institutions including Community Futures will run a credit check on you or your incorporated company to see if you have dealt responsibly with past loans and debt. A bad credit rating is a concern to most lenders, including Community Futures. More information can be found on this Industry Canada website: http://strategis.ic.gc.ca There are a number of things you can do to improve a credit rating. Book a FREE consult to discuss options.
Community Futures South Georgian Bay offers seminars and workshops throughout the year in partnership with other business support organizations and Economic Development departments throughout our service area. You can stay up-to-date on current business events by signing up to our newsletter.
The Community Futures South Georgian Bay is a not-for-profit Community Futures Development Corporation sponsored by Federal Economic Development Agency for Southern Ontario and governed by a community-based volunteer Board of Directors.
Community Futures South Georgian Bay is committed to ensuring that our local business community has access to a fair and unbiased approval and appeals process regarding loan applications. All loan applications are reviewed and approved by the Investment Review Committee (IRC) and the Board of Directors. Clients will be informed of Board’s decision of approval or decline of a loan. If a client is not satisfied with the Committee’s decision, they can make an appeal according to the Loan Appeal Process.