The EDGE 2.0

With interest rates rising, many businesses will find it challenging to sustain themselves in the upcoming years. We want to provide businesses with the security and stability they need to help them grow and expand by offering our new EDGE 2.0 loan. Our EDGE (Economic Development, Growth, and Expansion) loan offers favourable interest rates and terms for entrepreneurs with a vision to explore new opportunities or strengthen their business.

 

Program Application Details

 

New and existing clients of Community Futures Middlesex may request a small business EDGE loan up to $100,000. If additional funds are required to support your project they can be secured through our regular loan products.

Funding Usage, Rates and Terms

Recipients can use the EDGE Fund for any legitimate business purpose, including but not limited to the purchase of fixed assets, leasehold improvements, inventory and working capital. Funds cannot be used to repay existing loans with Community Futures Middlesex or Government COVID-19 Relief funding products.

The EDGE loan starts with a 5% interest rate for the first 24 months. Following this period, the outstanding balance can be renewed at a discounted interest rate of prime plus 2% for a 3-year term.

New intake for the EDGE loan is closed as of Wednesday, October 26 2022.

To determine if you are eligible for our other loan products, please fill out our Client Engagement Form and a member of our team will connect with you.