Community Futures Essex County | Business Loan

The Community Futures Essex County offers loans to new and expanding businesses located in Essex County (excluding those located within the City of Windsor).

• Business loans are available up to a maximum of $250,000
• Customized financing options - Flexible repayment terms
• Open for partial or full repayment at any time – no penalty fees!
• Interest rates are based on traditional bank prime lending rates plus 2% to 5%
• Financing can be in partnership with other financial institutions when traditional financing is unavailable or insufficient.
• More flexible covenants than traditional financial institutions

Loan requests are assessed on the basis of:

• Business Plan viability
• Management Expertise
• Adequate Security for financing (i.e. assets, property, 3rd party guarantees, etc.)
• Job Creation/maintenance of employment in Essex County
• Owner Equity (typically 25% of total project)
• Regional Impact and trends
• No grants

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