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.