Our Business Development Services 

 

 

 

 

 

 

 

 

 

  

   

Small Business Loans - New & Existing Businesses (up to $150,000)

 Our loans are geared to the needs of new and existing small businesses that have been unable to secure funds through conventional lending sources. Loans of up to $150,000 are available for business startup or expansion projects, which create and or maintain permanent employment in our district.

Loans, loan guarantees or equity investments are provided at commercial rates to businesses that meet the following criteria:

  • Have a viable business plan
  • Demonstrate personal commitment
  • Maintain or create jobs
  • Sufficient financing cannot be obtained from other sources

Investment decisions are made locally by our Board of Directors who control an investment fund valued at over $5.5 million, which is continually reinvested in the community. 

Small Business Loans - Access To Capital (up to $500,000)

This investment pool is a result of an agreement between FedNor and the Northeast Network of Community Futures Development Corporations (CFDCs). This pool provides financial assistance to small and medium-sized businesses in the form of repayable loans, loan guarantees, and equity investments to a maximum of $500,000. This investment tool enables CFDC's in the Northeast to assist SMEs that offer exceptional opportunities for business growth and job creation and that are unable to access funds from conventional lenders. We recognize that these enterprises drive the economy and, quite often, a well-timed financial boost is all they need to flourish.

The overall objective is to enable a CFDC to invest in a business at a higher level, while sharing the risk and returns with other CFDCs.

Business Information and Referral Services

KDCDC Library

In addition to financially supporting local business, our office provides access to a broad range of business information and services in forms such as:

  • On-site library
  • On-site guided access to Internet based information
  • Referral to other services and specialists as required

Information available includes:

  • How to plan, register and start a small business
  • Government services and regulations affecting business
  • Community profiles
  • Economic and market information on your community, Northern Ontario, Canada, and the world
  • Labour market rates and statistics
  • Export advice and services
  • Other specialized data bases.

 Please contact our Business Development Officer for additional program information.