Let’s Get Started

Looking for a Loan?

Looking for a loan to launch a new business, or to maintain or expand your existing business? We may be able to help!

Loan requests are assessed based on:

• Business is located in Essex County, excluding the City of Windsor. We appreciate all Windsor-Essex businesses but unfortunately our mandated service area does not include Windsor.
• LOAN APPLICATION submitted. Complete it to the best of your ability, we’ll work with you on any parts you’re not sure how to complete.
• Business Plan viability and sustainability. Start-ups must submit either a business plan or complete our BUSINESS PROPOSAL.
• Demonstrated ability to pay. Start-ups to provide a YEAR 1 CASH FLOW FORECAST. Your form or OURS is fine, just be sure it’s in a monthly format. Existing Businesses to provide previous 2 years Financial Statements (or Statement of Business Activities Forms from Income Tax Return T2125) plus YTD internal financials. Be sure to include a Balance Sheet.
• Management Expertise. A resume or CV is a great way to show us your knowledge and experience.
• Adequate Security for financing. We’ll use the information in your application to see what there is we can use to secure the loan.During our review we’ll let you know what security we will require. It may include things like business assets, personal assets, personal guarantee, 3^rd party guarantee etc.
• Proof of business registration. For start-ups, we’ll get this from you later if you haven’t registered yet. For existing businesses, please provide your Articles of Incorporation (if incorporated) or your Master Business Licence (business name registration).
• Job Creation and/or Maintenance of employment in Essex County
• Owner Equity (typically 25% of total project)
• Completed DISCLOSURE AND RELEASE STATEMENT