Deadline: December 15, 2021
$1.5M in Funding has been made available by Oxford County and Community Futures Oxford
This funding is available for those businesses in Oxford County that have been impacted by the COVID-19 pandemic and are currently experiencing working capital challenges.
Successful applicants will receive business financing up to $100,000 for working capital through a repayable loan from Community Futures Oxford.
The loan will consist of:
- Up to a 5-year term and will be amortized over 5 to 10 years with an interest rate of Prime + 2.0%.
- Special terms and conditions such as 6 months of no interest and no payments, then 18 months of interest only.
- 10% of the loan is forgiven if paid back in 2 years.
- Credit applications will be evaluated according to the current business situation, cash flow forecasts and security available.
Deadline for application submission: December 15, 2021
Watch to learn how the Oxford Economic Stimulus Fund has helped local small businesses just like yours:
Note: Applications up to $40,000 or less have a quicker turn around time.
For more information: https://cfoxford.ca/oxford-county-economic-stimulus-fund/
For inquiries contact Luigi Basacco at email@example.com