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.<\/p>\n
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During the 2018 year the Board approved loans totalling $961,200, which includes $736,200 in local loans. These loans maintained or created 67 jobs at a cost per job of $10,988.\u00a0 They also served to leverage $474,853 in funds.\u00a0 Superior East was established back in 1989 and since this time it has disbursed 600 loans within the region for a total of $23,274,464.\u00a0 These loans served to create or maintain 2,670 jobs.<\/p>\n
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The SECFDC provides small business financing for existing local businesses and for individuals looking to start up a business within the region.\u00a0 The loans are available for anything business related including: the purchase of buildings and equipment, inventory, working capital, debt consolidation, etc. \u00a0\u00a0Loans are available up to $150,000 and in some cases as high as $600,000.\u00a0 Flex loans can provide quick financing to existing businesses that require $10,000 or less.<\/p>\n
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The Superior East Community Development Fund is available for non-profit organizations.\u00a0 This fund is limited and is approaching the limit available.\u00a0 Each organization can apply for up to $2,000 per economic development project.\u00a0 To date Superior East has authorized 13 projects totalling $28,000.\u00a0 These funds have leveraged $307,262 from community partners.\u00a0 If interested in applying for this fund, please call Chantal Croft at (705) 856-1105 or toll-free at 1-800-387-5776, ext. 223 or email: croft@superioreastcfdc.ca<\/a>.<\/p>\n <\/p>\n If interested in applying for any of the loan programs, contact Tracy Amos at (705) 856-1105 or toll-free at 1-800-387-5776, ext. 222 or email: amos@superioreastcfdc.ca<\/a>.\u00a0 All program applications are available in both official languages on the website at: www.superioreastcfdc.ca<\/a>.<\/p>\n <\/p>\n The Superior East CFDC is supported by FedNor.<\/p>\n","protected":false},"excerpt":{"rendered":" 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. During the 2018 year the Board approved loans totalling $961,200, which includes $736,200 in local loans. These loans maintained or created 67 jobs at a cost per job …<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"class_list":["post-18846","post","type-post","status-publish","format-standard","hentry","category-business"],"publishpress_future_action":{"enabled":false,"date":"2026-04-26 14:14:04","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/18846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/comments?post=18846"}],"version-history":[{"count":1,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/18846\/revisions"}],"predecessor-version":[{"id":18847,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/18846\/revisions\/18847"}],"wp:attachment":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/media?parent=18846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/categories?post=18846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/tags?post=18846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}