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Financing and Services

With an unwavering focus on the creation of employment opportunities, Community Futures Peterborough (CFP) understands that there are ongoing challenges associated with starting, running and expanding a business. Our attentive team is here to answer your questions.

CFP offers confidential one-on-one business consultations at no cost. Working together, we will find the solution that best fits you and your business.

We are results focused.
Here’s what CFP accomplished from April 2018 to March 2019.

Finance Programs

Community Futures Peterborough (CFP) offers various financing options based on your individual needs. Our complimentary consultations provide guidance during critical business decisions associated with your business finances. And of course, there is no obligation to apply for financing from CFP during consultations.

Should you require financing of some sort, decisions are made by a committee of local business professionals who are also members of our Board of Directors. Their diverse backgrounds mean they consider all areas of support required to help your business succeed.

To us, you are more than a business plan. Your passion and desire to succeed are considered an asset and our team is here to work with you and offer answers to your questions every step of the way.

Apply Now   – Before submitting application, please contact staff by calling (705) 745-5434 or emailing info@cfpeterborough.ca


To be considered for a financing from Community Futures Peterborough, you must reside and/or have a business located within the City or County of Peterborough. 

We support small business initiatives from the startup phase to business expansion. There is no limit on what the money can be used for—from asset acquisition to seasonal operational expenses.


Small Business Loans

Community Futures Peterborough provides loans up to $250,000. Applications are submitted to our loans committee for review and are ratified by our Board of Directors. Our staff are dedicated to helping your business succeed.

Maximum Loan Amount: $250,000

Micro Loans

Community Futures Peterborough offers micro loans to support small businesses when they need it the most with funds up to $20,000. Decisions are made by the Executive Director with a quick turnaround time.

Maximum Loan Amount: $20,000

Non-Repayable Contributions

Rural Innovation Initiative Eastern Ontario

Rural Innovation Initiative Eastern Ontario – Local Stream is non-repayable performance-based funding from $25,000 up to $100,000 transitioning SMEs in Community Futures Peterborough catchment area to expand business growth and adoption of advanced business innovation processes.


Eastern Ontario Innovation Initiative, made possible with funding from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), supports the transition and growth of traditional SMEs, manufacturers and communities into the new rural economy, driving direct investments by private companies in innovation capital producing aggregate local and regional effects.

Innovation capital is investment in Industry 4.O, new or next generation equipment, technology, products and processes that lead to business growth, access to new markets and investment in people (job creation).

Supported projects will strengthen competitiveness, productivity, business growth, process innovation, new market access, creation and retention of employment opportunities, the re-skilling of the industrial workforce, incremental sales and increased profitability, and as a result, diversify and transform our local communities and economy.

Intake will begin May 21, 2019 with all projects through 15 Eastern Ontario CFDCs being targeted for completion by December 31st, 2020.

Projects will demonstrate sustainability, drive prosperity and job creation/sustainment through innovation, research and development, commercialization, and business practices that work to position the region for global competitiveness, export markets, and economic diversification.

General Intent

Overall it is the intent of Community Futures Peterborough to carefully invest in local projects that support the transition of traditional SMEs, manufacturers and our communities into the new rural economy.

Projects will demonstrate sustainability, drive prosperity and job creation/sustainment through innovation, research and development, commercialization, and business practices that work to position the region for global competitiveness, export markets, and economic diversification.

Who Is Eligible?

Eligible recipients located in the City of Peterborough and all the townships in Peterborough County catchment area may include:

  • Private, for-profit, businesses with the potential to grow through innovation.
  • Fourth Pillar not-for-profit organizations supporting business and community transition into the new rural economy.
What Is Eligible?

Projects in the following priority sectors will be considered:

  • Advanced Manufacturing
  • Clean Tech / Bio-Tech
  • Digital Industries
  • Agri­-food
  • Food Processing

Projects that focus on inclusiveness: youth, women entrepreneurs, Indigenous peoples, Official Language Minority Communities, persons with disabilities, immigrants and visible minorities.

Eligible Activity

Eligible activities should expand business growth and allow SMEs to transition into the new rural economy, support the adoption of advanced business and innovation processes such as:

  • New materials 
  • Integrated solutions
  • Rapid prototyping and engineering         
  • Machine learning
  • Cutting edge services software
  • Cloud computing
  • Robotics and automation
  • Extended intelligence, etc.

Fourth Pillar NFP projects should be business focused, align with federal government economic development priorities, support priority industry sectors and inclusiveness related priorities. Examples of eligible project activities could include:

  • Support programs for re-skilling of the industrial workforce
  • Business accelerators and hubs diversifying and transitioning local economies

Selected projects will be eligible for a non-repayable performance-based contribution and require a minimum 50% cash contribution by the recipient on eligible expenses net of HST. The minimum project size for an RIIEO – Eastern Ontario local stream project is $50,000 resulting in a minimum contribution of $25,000 by the recipient.

The combined Stream total support to for-profit recipients will not exceed $100,000.

Eligible Costs

Eligible costs for project activities may include:
All costs must be reasonable and directly related to the eligible project activities.

  • Labour
  • Expertise
  • Non-Capital
  • Capital

All costs must be reasonable and directly related to the eligible project activities.

Ineligible and/or unsupported costs by way of examples include:

  • Any costs deemed not reasonable and/or not directly related to the eligible project activities.
  • Activities in support of regular maintenance and/or ongoing operational costs.
  • Cost incurred prior to the eligibility date as defined in the Contribution Agreement.
  • Costs incurred after December 31, 2020.
  • Any cost that is ineligible under the Contribution Agreement.
  • Acquisition of land or buildings or vehicle purchase.

Reporting Requirements

Eligible recipients must demonstrate that they are prepared to and have mechanisms in place to submit data, schedules, plans and reports in sufficient detail for Community Futures Peterborough to:

  • Assess project progress
  • Post project completion monitoring
  • Evaluate the outcomes and effectiveness of the contributions

Eligible recipients will provide the Community Futures Peterborough with progress/activity reports and financial claims on a monthly basis, quarterly or as required and outlined in the Contribution Agreement.

Application Process

Local Stream –Community Futures Peterborough

Applications will be received until all the funds have been allocated.

If a project is selected for support, Community Futures Peterborough will prepare a Contribution Agreement with terms and conditions.

Financial contributions are performance-based and subject to a 10% holdback until the successful applicant has completed the project, successful applicant must pay out the $50,000 before any reimbursement is issued (financing may be available through Community Futures Peterborough).

Successful applicants must meet all project requirements as outlined in the Contribution agreement. No project is expected to extend past December 31, 2020.

Incomplete applications will not be considered.

Approved Projects


Applicants are encouraged to contact the Community Futures Peterborough Program Administrator to discuss proposed projects prior to submitting an online application:

Michelle Foster
Program Administrator
705-745-5434, ext. 225

Ignite 100 Peterborough

Established in 2018 by Community Futures Peterborough, Ignite100 is an innovation challenge open to all existing business in the Peterborough region to compete for significant funding opportunities that support business expansion and growth.

This local initiative is open to all organizations within the City or County of Peterborough that have been in business for more than two years. It is also open to any business that is willing to relocate to the region. All industry sectors are encouraged to participate.

Visit ignite100.ca for more information and the application deadlines.

*Please note: The program is complete for 2019.  Winner is Cambium Inc.


Eastern Ontario Development Program (EODP) – Program ended December 2018

To date, more than $80 million has been invested through the EODP on more than 7,600 business and community development projects.

The application intake for the Eastern Ontario Development Program has ended for 2018/2019 fiscal.

Year-end Eastern Ontario Development Program summary.

Mentoring and Business Counselling


Community Futures Peterborough connects mentorships from local business experts to up-and-coming entrepreneurs. Mentors provide business advice, as well as support and encouragement, to help entrepreneurs remain focused on what is important for the success of their business. 

Did you know that 70% of small businesses with mentored owners survive longer than five years? That’s more than double the rate of those without mentors!

Business Counselling

Meet with one of our team members to discuss what support options are available to you and your business. Whether you need financing, business advice, or mentoring, our friendly staff will match you with the necessary resources to get your business started on the right track.


Check back for upcoming workshops.