Small Business Loans

Community Futures Peterborough is a federally funded economic development agency providing flexible financing & support to small business. Community Futures Peterborough has invested more than $28,000,000 helping 700+ small businesses create or maintain 3300+ jobs since 1985.

You can set up an appointment to discuss your financing requirements – there is no obligation to apply for a loan and our small business consultation services are free of charge.

Eligibility

To be considered for a loan from Community Futures, you must: 

  • be planning to locate, start or expand business operations in the City or County of Peterborough

Loan Application Process

Complete applications along with an original signature must be received by the application deadline.  

If you have any questions regarding the nature of the information we require to consider your small business loan request, please contact Michelle Cathers, our Business & Loans Advisor. 

Your application will be reviewed by Michelle. She will contact you to set up a meeting to go over your requirements and discuss the different financing products we offer.

Community Futures often works in partnership with other lenders – from commercial banks, credit unions and the BDC. The BDC has put together a helpful guide on preparing your loan application. Read the guide here.

Application Deadline:

Loan application review is ongoing, please contact Michelle for more details. 

Loan Administration Fees:

Effective Date: April 1, 2016

  • Application Fee: $0
  • Administration Fee: 1% 
  • Appraisal Fee – Residential Properties: $400
  • Appraisal Fee – Commercial Properties: Applicant to Pay Direct

Download Loan Application Forms Here:

Small Business Loan Application Form

 


 

Types of Small Business Loans

General Business Loan

Community Futures provides qualified borrowers loans up to $250,000.

Applications are reviewed by our Board of Directors on the third Tuesday of each month. Loan decisions are made locally, usually at this meeting.

Maximum Loan Amount: $250,000

Deadline: Last Tuesday of the month


Newcomer Loan

Designed to assist newcomers and/or long time immigrants (with either Canadian citizenship or landed immigrant status) with the flexibility to invest in their new or existing businesses. Applicants must be a past or current client of the New Canadian Centre. Loans are available to provide capital for start-up, capital purchase and ongoing working capital.

Maximum Loan Amount: $250,000

Deadline: Last Tuesday of the month


Youth Loan

Offered to young entrepreneurs ages 18 – 30, looking to start or expand their business in Peterborough County.

Maximum Loan Amount: $250,000

Deadline: Last Tuesday of the month


Accessibility Loan

Offered to new and existing businesses and not-for-profit organizations, the Accessibility Loan can provide you with up to $25,000 for renovations/updates to your facility to meet and exceed Accessibility Standards.

Maximum Loan Amount: $25,000

Deadline: Last Tuesday of the month


Building Retrofit Loan

Offered to new and existing businesses who are undertaking building retrofits to existing commercial spaces, the Building Retrofit loan can provide you with up to $50,000 interest free to renovate your space. Program ends March 31, 2018.

Maximum Loan Amount: $50,000

Deadline: Last Tuesday of the month


Equipment Loan

Designed to assist with the purchase of capital assets including equipment and commercial vehicles

Maximum Loan Amount: $50,000

Deadline: Last Tuesday of the month


Operating Loan

Designed to assist with the purchase of inventory or working capital with interest only repayment and a balloon payment at loan maturity

Maximum Loan Amount: $100,000

Deadline: Last Tuesday of the month


Micro Loan

Community Futures Peterborough offers short term loans with a quick turn-around time, we are ready to help your small business with financing of up to $10,000.

Maximum Loan Amount: $10,000
Deadline: Continuous intake and decision made within 48 hours