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| For-Profit Applications and Guidelines |
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| For-profit organizations may ONLY apply for funding under the Access to Capital category. |
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| For-profit organizations, including social enterprises and co-operatives, are invited to apply for repayable financing up to $250,000 on commercial terms through loans from Community Futures Development Corporations (CFDCs). Interest rates and loan terms will be determined for each individual applicant. (Conditions may include no repayment for a defined period; interest payments only for a defined period; interest and capital repayments after the loan period, etc.) The loan may be used as subordinated debt to encourage leveraging from other lending sources. |
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| The Sand Plains Community Development Fund has a two-stage application process: (1) Pre-Proposal and (2) Business Loan Application. |
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| (1) Pre-Proposal — will include a cover sheet, narrative and budget. |
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| First, read the For-Profit Applicant Guidelines to determine if your organization is eligible to apply and your project is covered under the descriptions of Projects That Qualify and Priority Areas. |
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| Contact the office of your local Community Futures Development Corporation. |
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| Prepare and submit a Pre-Proposal Application Form For-Profit Organizations to the CFDC staff. |
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| Meet with the CFDC staff to discuss your pre-proposal. |
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| Where to apply: |
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| Applicants whose projects are deemed eligible under the Access to Capital category will consult with the nearest office: |
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| (2) Business Loan Application |
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| Applicants will be required to submit a Business Loan Application to the CFDC which includes a completed business plan and CFDC loan application (personal statement of affairs, business bank/credit information, business assets, disclosure and release statement, cash flow, income statement and cash flow assumptions, acknowledgement of CFDC privacy statement). |
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| Submit the completed Business Loan Application. |
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| Any questions? Please contact the Ontario Association of Community Futures Development Corporations at 519-633-2326 or toll-free 1-888-633-2326. |
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