One of the most common questions we hear at Community Futures South Georgian Bay is: What types of businesses and projects can receive funding?
Community Futures is here to support entrepreneurs, small businesses, and community-based economic development initiatives that contribute to the growth and vitality of our region. Through flexible financing and business support services, we help local businesses start, grow, and succeed.
However, there are some limitations on what can and cannot be funded. Understanding these guidelines can help determine whether Community Futures financing is the right fit for your business.
What We Fund
Community Futures South Georgian Bay provides financing for a wide range of business activities, including:
- Business start-ups
- Business expansions
- Equipment purchases
- Marketing initiatives
- Inventory
- Commercial vehicles
- Leasehold improvements
- Exploring opportunities for a business purchase
- Exporting activities
What We Don’t Fund
While Community Futures supports many types of businesses, some activities are not eligible for financing, including:
- Home renovation projects
- Vacation properties
- Personal debt consolidation
- Credit card balances
- Consumer purchases
- Residential mortgages
- Personal expenses
- Business operating losses
- Property taxes
- Dividend payments
Generally, funding is intended for investments that help create, maintain, or grow business activity, rather than personal expenses or residential property purchases.
Not Sure If You Qualify?
Every business situation is unique. If you’re unsure whether your project, purchase, or expansion plans may be eligible for financing, we encourage you to reach out and have a conversation with our team.
Ready to explore your financing options? Contact Community Futures South Georgian Bay today to discuss your business goals and learn how we can help.