It is strongly recommended that all applicants have an introductory meeting with the C&CCFDC’s Account Manager prior to completing their application so that it can be determined if in fact the application is well evolved and viable.
All requests for Financial Assistance must be made by filling out the application form.
The maximum financial assistance for loans and equity financing is $150,000. On an exceptional basis, additional financing up to $100,000 may be available, not to exceed a total of $250,000 per client.
All applications must conform with the following conditions:
Applications must be submitted before the last Friday of every month.
All loan application are presented and reviewed by the C & C CFDC’s Investment Committee (IC). A decision will typically be made within 4-8 weeks. Applicants will be notified as to whether their request is approved, declined, or deferred for more information.
The following criteria is taken into consideration when the application is reviewed:
A complete application must contain the following supporting documents:
Once a Request for Funding is approved by the IC, the C & C CFDC prepares an “Offer to Finance” in which is listed the terms and conditions of the financing offer.