If you are unable to get financing through traditional lenders, you can apply for a business loan at Greenstone Economic Development Corporation. The primary objective of GEDC financing is to invest in sound businesses that create and maintain sustainable employment in all economic sectors with the Greenstone services area.
As a solution lender, GEDC has a three-tier lending system:
Pool Loans: These loans are available through the CFDC's Northwestern Ontario Investment Pool. Click Here to read more.
General Loans: Ranging from $10,001 - $150,000, GEDC's general loans can help Greenstone businesses of all sizes reach their maximum potential.
Micro-Loans: Starting as low as $500, these loans are ideal for smaller businesses looking for help with start-up and other costs. We have created a simplified application and approval process that will help get your business going quickly and easily.
Minimum Criteria for all loan applications:
- A Business Plan & financial projections
- Must operate within Greenstone catchment area
- At least one refusal letter from a financial institution
- Be a registered business in Ontario
At GEDC, our qualified business professionals are here to help your business every step of the application process...And the best part...our services are at no cost to you! Call or email today to set up an appointment. 807-854-2273 / gedc%23ca|info