Wawa-news.com You can't hear the 'big picture'!
The Superior East Community Futures Development Corporation (SECFDC) is a non-profit organization offering small business and regional community economic development services to the Superior East region. It is led by a volunteer Board of Directors consisting of individuals that reside throughout the Superior East region.
For the 2024 year the Superior East CFDC approved a grand total of $803,556 in local and regional loans. These loans impacted 20 jobs in the region. A total of $250,000 was also leveraged from other sources.
Superior East was established back in 1989 and since this time it has disbursed 717 loans within the region for a total of $29,689,067. These loans served to create or maintain 3,041 jobs. Leveraged funds over the years total $27,386,154.
The Community Development Fund offers up to $2,000 in non-repayable funding to local non-profit organizations to assist with their community economic development projects. During the 2024 year the Board approved $21,796 in CD Funds which also leveraged $489,391 in funds from other sources.
The SECFDC provides small business financing for existing local businesses and for individuals looking to start up or purchase a business within the region. The loans are available for anything business related including: the purchase of buildings and equipment, inventory, working capital, debt consolidation, etc. Loans are available up to a maximum of $750,000. Flex loans can provide quick financing to existing businesses that require $50,000 or less. Additional loan products include the Business Transition Loan, Women in Business Loan, Line of Credit and the Business Improvement Loan. New loan products include the Tourism/Hospitality Loan and the Business Retention Loan.
If interested in applying for any of the loan programs, contact Tracy Amos at (705) 856-1105 or 1-800-387-5776, ext. 222 or email: [email protected]. All program applications are available in both official languages on the website at: www.superioreastcfdc.ca. Or drop by the office located at 14 Ganley Street in Wawa.
The Superior East CFDC is supported by FedNor.
