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 2024 year the Superior East CFDC approved a grand total of $803,556 in local and regional loans.\u00a0 These loans impacted 20 jobs in the region.\u00a0 A total of $250,000 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 717 loans within the region for a total of $29,689,067.\u00a0 These loans served to create or maintain 3,041 jobs.\u00a0 Leveraged funds over the years total $27,386,154.<\/p>\n
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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.\u00a0 During the 2024 year the Board approved $21,796 in CD Funds which also leveraged $489,391 in funds from other sources.<\/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.\u00a0 New loan products include the Tourism\/Hospitality Loan and the Business Retention 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<\/a>.\u00a0 All program applications are available in both official languages on the website at: www.superioreastcfdc.ca<\/a>.\u00a0 Or drop by the office located at 14 Ganley Street in Wawa.<\/p>\n <\/p>\n The Superior East CFDC is supported by FedNor.<\/p>\n <\/p>\n <\/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.\u00a0 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 …<\/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-72323","post","type-post","status-publish","format-standard","hentry","category-business"],"publishpress_future_action":{"enabled":false,"date":"2026-05-24 09:29:33","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\/72323","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=72323"}],"version-history":[{"count":1,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/72323\/revisions"}],"predecessor-version":[{"id":72324,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/72323\/revisions\/72324"}],"wp:attachment":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/media?parent=72323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/categories?post=72323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/tags?post=72323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}