Nottawasaga Futures

Activities and Projects

Community Investment Loan Fund

Start Date:January 2004
Funding:Federal Economic Development Agency for Southern Ontario (FedDev), NCFDC, NCEDC, NT Temps Inc.
Goals:To deliver a community investment fund and related services.
Objectives:Disburse loans to businesses in South Simcoe that are unable to procure funds from traditional sources.
Status:

The South Simcoe Investment Review Committee continues to actively review South Simcoe loan applications. FedDev Canada has provided $2,648,000 in capital. As of June 2017, $10,615 has been disbursed to businesses in South Simcoe. To date, $17,037 has been leveraged from the owners and other traditional financial services for South Simcoe businesses due to the business counselling and/or investment loans provided. Since inception 4,092 jobs have been created or maintained due to business counselling and/or investment loan activity.                       

Activity for 2016-2017

Achieved

Number of closed deals

12

Value of closed deals

$748,111

Value of funds leveraged

$894,600

Active portfolio ration

88%

Number of jobs created and maintained 

33

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