FINANCING

WE PROVIDE AFFORDABLE LOANS TO SMALL-TO-MEDIUM-SIZED BUSINESSES AND SOCIAL ENTERPRISES. 

We provide financing up to $250,000 for new or existing businesses in Prince Edward County and Lennox and Addington Counties and those relocating to the area.

Purpose of Financing

  • Start up financing for a new business
  • To purchase or renovate a building
  • Leasehold improvements
  • Equipment purchases or upgrades
  • Inventory
  • Working capital

Questions?

We highly recommend meeting with one of our social finance specialists to explore your business needs and select the best financing options for your enterprise.

Apply Now

Contact Information

For more information or to book an appointment with a social finance specialist, contact:

Dominique Jones, BFAH, Prince Edward County

613-476-7901 ex 208
djones@pelacfdc.ca

Bryon Friesen, CIM, Lennox & Addington

613-476-7901 ex 203
bfriesen@pelacfdc.ca

Loan Criteria

Loan applications are considered on the basis of:

  • Business viability
  • Client character; technical and management skills
  • Adequate security
  • Owner’s investment
  • Credit Worthiness

Business Advisory Services

  • Free one-on-one business consulting
  • Get advice for general business guidance or for a specific problem that your business may be encountering

Information/webpage links for new businesses

  • Business insurance
    • All businesses require some form of insurance. Here is a list of the types of insurance you may need to consider:
      • General liability
      • Errors & Omission (sometimes called Professional Liability Insurance)
      • Inventory and Assets
      • Vehicle
      • Bonding
  • Check with your municipality before you begin.
    • Is the property zoned for the type of business you will undertake?
    • Does the building have any restrictions for its use?
    • What are the sign by-laws?
    • Is a permit/license required from the city/town for your type of business?
    • Are there any parking restrictions or requirements?
    • Is there a home-based business by-law that will affect you?
  • Most industries in Ontario are covered by the Workplace Safety and Insurance Board. Employers must pay into the fund of the Board through assessments on their payroll. Check with WSIB at their website: www.wsib.on.ca

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