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.

 

 

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

             

• April 22nd, 2013
• May 27th, 2013
• June 24th, 2013
• July 22nd, 2013

Completed applications will include:

For an EXISTING business

• Loan Application Form 

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

• Projected Cash Flow Statement (3 years)
  
• Financial Statements (3 years)
• $100 non-refundable application fee
  

For a NEW business:

• Loan Application Form
  

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

• Projected Cash Flow Statement (1 year)
• $100 non-refundable application fee

Please note that a consultation with the Loan Officer is required before applications are submitted to the Committee for review. Please call one of our office locations to schedule an appointment with Carla Vincent 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.