We offer microloans to support entrepreneurs and business owners when they are ready to launch or in need of a slight financial boost. With funding of up to $30,000 available, decisions are made by the General Manager for a quick turnaround time during the application process.
Microloans help entrepreneurs in Middlesex County looking for financial assistance to launch or enhance their businesses. As character lenders, we support entrepreneurs whose business ideas and plans we believe in, whether they qualify for investment through traditional lenders or not.
For new business owners, refer to the loan application and its checklist. Aside from the application, we require a business plan, cash flow projections, and your personal financial statement. For businesses already in operation, we will also need to review your previous financial statements.
The interests rates vary from one client to another, but they are favourable and more flexible compared to other financial lenders.