THE MATCH FUND
The MATCH Fund offers new and existing clients of Community Futures Middlesex (CF Middlesex) with access to loans of up to $300K at interest rates as low as prime plus 1 % to support strategic growth or expansion of their business.
This is a limited time financing opportunity designed to stimulate continued investment in the economic development, growth and viability of rural communities located throughout Middlesex County (outside the City of London).
Loans from the Match Fund will support entrepreneurs and small business owners looking to invest or who have already invested in strategic priority areas identified by CF Middlesex, the federal government, county and/or local municipal partners.
Examples of strategic priority areas include new or existing main street retail, professional service provider, agriculture and agri-food processing, health and biosciences, clean, advanced manufacturing, digital, non-profit, tourism, innovative and inclusive businesses.
The team at CF Middlesex however is always open to learning more about the unique story of your business and how it contributes to the local or regional economy of Middlesex County.
Program Application Details
New and existing clients of CF Middlesex may request a loan of up to $300,000 from the MATCH Fund. If additional funds are required to support your initiative or project they potentially could be financed through one of our regular loan products. Interest rates for our regular loan products range from prime plus 2% to 3.25% dependent on risk and security provided.
Funding Usage, Rates and Terms
Loans from the MATCH Fund can be used for any legitimate business purpose, including but not limited to the purchase of fixed assets, leasehold improvements, inventory and working capital. MATCH Funds cannot be used to refinance an existing CF Middlesex loan or to take advantage of the forgivable component of COVID-19 relief loans accessed through CF Middlesex.
Clients approved for a loan from the MATCH Fund will be offered an interest rate of prime plus 1% for an initial term of up to 5 years (60 months). The maximum potential amortization period for loans disbursed from the MATCH Fund will be 15 years. The specific terms and amortization period will be set taking into consideration the nature of your business and level of funding requested.
A limited number of loans from the MATCH Fund may be issued so individuals are encouraged to reach out to CF Middlesex as soon as possible to express your interest and review your eligibility for this product. To learn more, please fill out our Client Engagement Form and a member of our team will connect with you. Specific criteria and documentation required will vary dependent on the amount of funding requested.
The closing date for new intake is currently set at August 31 2023.