Business Financing

Maximum Loan

  • RLF and SBF loan programs will finance up to 50% of total eligible project costs or $200,000, whichever is less.

Eligible Uses

  • Land acquisition, preparation and associated expenses
  • Building acquisition, construction, or renovation
  • Machinery and equipment purchases (new or used) and related expenses
  • Working Capital (major expansions only)


  • Land & Building – up to 15 years
  • Machinery and Equipment – up to 10 years
  • Working Capital – 3 years


  • Revolving Loan Fund (RLF) rate is four points below prime rate (no less than 4%)
  • Small Business First (SBF) rate is set quarterly and will be fixed for the term of the loan.


  • Settlement Fee: $450

Other Financing

  • RLF loans require a 1:1 private sector match. At least 10% must be injected by applicant.
  • SBF loans require a 1:1 match

Eligible Applicant

  • Manufacturing or Industrial Business
  • Hospitality Enterprise
  • Commercial & Service
  • Child Day-Care Enterprise
  • Agriculture Enterprise or Agriculture Producer


  • Must collateralize asset(s) financed
  • Will subordinate lien position to bank
  • Personal and corporate guarantees may be required




For additional information  please contact:  
Amanda Slider
Loan Program Manager