The CDC has been providing business financing in the Orillia area since 1984. In that time we have invested over $9.4 million in our local community and have created or maintained more than 1,600 jobs. The approach of the CDC has been somewhat different from traditional lenders as we provide ongoing assistance and monitoring on an 'as needed' basis. It is the continued support provided by the CDC to its clients that has enabled the corporation to maintain a highly successful loan portfolio.

Business Loans
	Loans of up to $150,000
	Available to existing businesses to maintain current jobs or create new ones
	Available to start-up businesses to create new jobs
Criteria for Funding
	Must have one bank rejection or been unsuccessful in getting bank financing
	Potential viability for business is a critical requirement for a loan
	All applicants are required to submit a detailed business plan and loan application outlining their proposal. Download the Loan Application or Business Plan with Loan Application now. *Note: you will need Adobe Reader to view these documents. Get Adobe Reader now.
	Collateral security is required, but is more flexible than traditional lending institutions in the types of security taken and the values assigned to that security
	All loan applications must create or maintain jobs within the Orillia area. Click HERE for a map that identifies the catchment area.
Financing Terms
	Loans are at a fixed percentage rate between prime +2% and prime +6% based on the the applicant's business experience, credit history, risk of the loan and available security.
	Repayment schedules are flexible, and will be geared to the needs of the business.
Approval Process
	All CDC loans are approved by a volunteer investment committee, who represent most sectors of the local business economy. Depending on the nature of the business, the approval process takes approximately two to six weeks.
Fees
	*Fees are calculated based on the value of the loan application, and can be up to 1-1/2% of the value of the loan. There is a minimum fee of $400.00. A $400.00 refundable deposit cheque is required when you submit your application. If your application is declined, your cheque will be returned.