Businesses in Oxford County that will be creating new jobs or preserving existing jobs for residents in Oxford County may be eligible to receive loans of up to $300,000.

FUTURE OXFORD LEGACY FUND

FutureOxford

ACCESS TO CAPITAL

The goal of this component will be to cultivate entrepreneurship throughout Oxford, thereby building a vibrant and sustainable economy. Priority sectors include youth entrepreneurship and employment, arts, culture, tourism, high-tech manufacturing, green technology, and locally grown and processed agriculture products. Access to capital provides flexible repayment terms, negotiated to encourage the long-term viability of the borrower.

 

Access to Capital Program

Are you seeking a business loan for a new or existing business in Oxford? Community Futures Oxford, a complimentary lender, can provide loans of up to $300,000.

Have you been unable to secure traditional financing? If so, we specialize in providing financing where the amount provided by traditional lenders is insufficient. Community Futures Oxford will consider taking a subordinated security position.

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Micro Loan 40K

Oxford County existing businesses may apply for Micro Loans of up to $40,000. The program’s goal is to expedite the loan process ensuring a faster loan decision turnaround.
Micro Loans can be used for:

  • Purchasing new and used equipment 
  • Obtaining inventory
  • Increasing working capital (cash flow)

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Sand Plains Community Development Fund

Sand Plains Community Development Fund

The goal of the Sand Plains Community Development Fund is to foster entrepreneurship within Oxford County. The fund provides long term or patient capital loans of up to $250,000 to small businesses for expansion within priority sectors. This fund provides flexible repayment terms negotiated to encourage the long-term viability of the borrowing business.

The Sand Plains Community Development Fund supports:

  • Purchasing new and used equipment purchases
  • Obtaining inventory
  • Purchasing commercial real estate
  • Increasing working capital or cash flow

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Business Loan Details


Loan Application Process

If you are interested in applying for a business loan, please contact Luigi Basacco (contact info below) for a free consultation. Luigi will walk you through the required steps and provide you with valuable information prior to starting your application. 


Our Partners

 

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We are the community partner for Futurpreneur Canada in Oxford County. Futurpreneur Canada offers up to $15,000 in start-up financing for young entrepreneurs. Each entrepreneur is also matched with a mentor. The BDC will fund each start-up business up to $30,000.

 

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Business Development Bank of Canada (BDC) We partner with the BDC to help fund your start-up or expansion. BDC offers financing, venture capital and consulting services to small and medium-sized enterprises (SMEs).

 

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The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) has funded this $20-million program through its Prosperity Initiative. This program will support high-growth, innovative Small and Medium-sized Enterprises (SMEs) in rural and urban communities by offering loans of usually $150,000 to $500,000 to support all aspects of growth challenges facing them. Ask us how the SOFII loan funds could help your business!


  • Luigi Bassaco

  • Luigi Basacco, Business & Loans Consultant
    519-425-0401 Ext:30
    contact number email