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Micro Loans

Micro ‍‍‍Loans

Please visit the desktop ‍‍‍version of our website for full details.

Whether you’re just starting out or growing, we have the resources you’re looking for.  

‍‍‍We administer a LOCAL INVESTMENT fund to help finance business start up, stabilization and expansion in Lanark County and North Leeds.  Our repayable financing is available when other sources are insufficient or unavailable and we'll work collaboratively with banks to find financing solutions for LOCAL ENTREPRENEURS.

For more information on our loans program please contact:
Mary Boldt, Loans Officer.

613-283-7002 x 105

Micro L‍‍‍oans

We offer qualified applicants, whether you are a new entrepreneur or an existing business fast turn-around financing through our micro-loans program.

Maximum Loan Amount: $15,000

Deadline: ‍‍‍Continuous intake,                     decision within 5 business days

Line of Credit ‍‍‍

Enable recipients to draw on the value of the loan in blocks up to a set limit. Lines of credit are reviewed and renewed annually, with the interest rate being fixed for one (1) year. Interest-only payments are to be paid monthly, with principal due on demand.

Maximum Amount: $250,000

Deadline: Continuous intake,     reviewed monthly  

Loans for Women

Designed to advance women’s entrepreneurship in our Region. Successful applicants receive free unlimited attendance for one (1) person, to all Valley Heartland and five (5) Small Business Advisory Centre workshops during the first year of their loan.

Maximum Loan Amount: $250,000

Deadline: Continuous intake,        reviewed monthly

Designed to advance youth entrepreneurship in our Region. Applicants must be between the ages of 18 and 30 at the time of the application and provide a viable Business Plan. Successful applicants receive free unlimited attendance for one (1) person, to all Valley Heartland and five (5) Small Business Advisory Centre workshops during the first year of their loan.

Maximum Loan Amount: $25,000

Deadline: Continuous intake, reviewed monthly

Loan for Social Enterprise

 

Offered at a reduced interest rate and designed to empower non-profit organizations to create or expand sustainable Social Enterprises. Loans must be for specific growth strategies and not emerg‍‍‍e‍‍‍ncy stop-gap measures.

Maximum Loan Amount: $250,000

Deadline: Continuous intake,       reviewed monthly  

Business Improvement Program‍‍‍ (BIP)

BIP assists local businesses and social enterprises with physical improvements to existing facilities to stimulate business growth and further long-term development. The applicant must be the registered owner of the property or a tenant with the written permission of the registered owner of the property. These loans are ideal for matching funds in order to apply to Municipal Community Improvement Project Grants.

Maximum Loan Amount: $250,000

Deadline: Continuous intake,       reviewed monthly  ‍‍‍

Financing support of high-growth and innovative Small and Medium-sized Enterprises (SMEs) in rural and urban communities

Maximum Loan Amount: $500,000

Visit the official SOFII website to find out more. www.sofii.ca

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‍‍Our ‍‍‍Loans

Standard Loans

We offer qualified applicants, loans up to $250,000 for a variety of purposes, often supporting multiple goals.

Maximum Loan Amount: $2‍‍‍50,000

Deadline: Continuous intake,                     reviewed monthly

‍‍‍Loans for Youth

 

SOFII

 

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