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.\u00a0 It is led by a volunteer Board of Directors consisting of individuals that reside throughout the Superior East region.<\/p>\n
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For the 2023 year the Superior East CFDC approved a total of $829,001 in local and regional loans.\u00a0 These loans impacted 35 jobs in the region.\u00a0 A total of $278,000 was also leveraged from other sources.<\/p>\n
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Superior East was established back in 1989 and since this time it has disbursed 703 loans within the region for a total of $29,267,010.\u00a0 These loans served to create or maintain 3,021 jobs.\u00a0 Leveraged funds over the years total $27,136,154.<\/p>\n
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The Community Development Fund offers up to $2,000 to local non-profit organizations to assist with their community economic development projects.\u00a0 During the 2023 year, the Board approved $14,925 in CD Funds which also leveraged $287,790 in funds from other sources.\u00a0 Funds are limited and are disbursed on a first-come, first-served basis.<\/p>\n
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The SECFDC provides small business financing for existing local businesses and for individuals looking to start up or purchase 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 a maximum of $750,000.\u00a0 Flex loans can provide quick financing to existing businesses that require $50,000 or less.\u00a0 Additional loan products include the Business Transition Loan, Women in Business Loan, Line of Credit and the Business Improvement Loan.<\/p>\n
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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: amos@superioreastcfdc.ca.\u00a0 All program applications are available in both official languages on the website at: www.superioreastcfdc.ca.\u00a0 Or drop by the office located at 14 Ganley Street in Wawa.<\/p>\n
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The Superior East CFDC is supported by FedNor.<\/p>\n","protected":false},"excerpt":{"rendered":"
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