Through the Community Futures Lending Program, PELA CFDC disburses loans of up to $250,000 to new and existing businesses in Prince Edward/Lennox & Addington Counties that directly support the creation and/or maintenance of jobs.

 

PELA CFDC specializes in providing term financing to businesses unable to access capital through traditional markets. Financing is considered for a variety of applications, including:

PELA CFDC works cooperatively with area banks in an effort to address client needs, and will frequently work in conjunction with banks toward financing a plan that allows for business start-up or expansion.

Completed applications will include:

For an EXISTING business:

• Loan Application Form

• Business Plan (Interactive Business Planner - Scotiabank - CYBF)

• Projected Cash Flow Statement (3 years)
  
• Financial Statements (3 years)
• $75 non-refundable application fee
  

For a NEW business:

• Loan Application Form

• Business Plan (Interactive Business Planner - Scotiabank - CYBF)

• Projected Cash Flow Statement (1 year)
• $75 non-refundable application fee
  

Application Material

The preferred method of submission is via email to gc@pelacfdc.ca with "Loan Application" in the subject line, however, applications are also accepted in hard copy and via facsimile.

Please note that a consultation with the Area Development Manager is required before applications are submitted to the Committee for review. Please call one of our office locations to schedule an appointment with Gillian Chapman if you have not already done so.

NOTE:  Adobe Reader is required to access the loan application form. Click here to download and install Adobe Reader free of charge if you cannot open the form. Also note that Microsoft Excel is required to access the cash flow forecasting tool. If you do not have Excel, hard copies of the forecasting tool are available at our office locations.