The Community Futures Development Corporations (CFDC) in Ontario is a program, funded by the Government of Canada (often by FedDev) to help SME’s in rural Ontario to expand and stabilize their business in order to maintain or create jobs. The CFDC has established itself as a popular and successful funding program, with over 170 success stories of companies in Ontario utilizing the program in order to capture economic opportunity.

Eligibility for CFDC Government Loans

To receive this government loan through the CFDC, applicants must meet a certain criteria. Companies applying for this Canadian government funding program must be located in rural Ontario. The loan is available for both established and start-up businesses. The loan money should be used in order to finance the expansion of your business or investment in a required aspect to keep your company competitive. The government loan is usually provided at an interest rate of 2-3% above prime with average loan sizes of approximately $40,000 up to $150,000.

Apply for CFDC Canadian Government Funding Today

To find a CFDC near you, please use CFDC’s helpful Contact a CFDC Tool. There are 37 CFDCs in rural Eastern and Southern Ontario, in addition to 24 organizations in Northern Ontario. If you would like more information on CFDC or any other low-interest government loan, please contact Mentor Works or browse our Government Funding Page.

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For over a decade, Chris Casemore has helped thousands of Canadian businesses grow by helping them access government funding. Chris also partners with clients to develop their marketing plans and leverage technologies such as CRMs and marketing automation tools to scale their business models. Chris draws on his equal passion for marketing (B.Comm Marketing Management) and technology to equip clients with efficient, scalable, and forward-thinking strategic planning approaches. Follow Chris Casemore on Twitter.

Comments 2

7 June 2020 Reply

Hello I am interested in expanding my business to add boarding and doggy day care and dog rehabilitation facility in my rural location I would need assist with building comfortable indoor kennels that extend outside and to fence a large area for dog exercise. The rehabilitation part of my business is already established with low impact exercise in my indoor pool. I want to purchase a outdoor wood burning unit to heat pool and the kennels to provide the comfort and heat for pool to offer rehabilitation classes during the winter months. This would be the only business of it’s kind offering low impact exercise for dogs with many different alignments affecting their joints mobility or hyperactivity. This would allow people in the area to travel knowing their previous pet in being taken care of in a proper facility that is safe and comfortable.

8 June 2020 Reply

Hi Sherry – Thanks for the insight into your business. The majority of government funding programs we discuss are reserved for established businesses with 15+ employees and other key eligibility factors. For smaller and/or younger organizations and entrepreneurs, we recommend referring to our Startup Resources Page. If you are 15+ employees and have been incorporated for over 3 years, let us know a bit more about your business by filling out our Contact Form, so we can explore funding opportunities towards these upcoming strategic investments.

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