Covid-19 Emergency FinancingPosted on March 24, 2020
As you may know many of our area businesses are seeing a dramatic drop off in sales and cash flow or even closure as a result of the Covid-19 Virus pandemic. This is especially true of hotels, restaurants and retail establishments. This program is available to businesses located in the Superior North CFDC area (Dorion to Manitouwadge).
Covid-19 Emergency Financing Program:
Establishment of a COVID-19 Emergency Financing Fund as a separate lending product under our Investment Fund.
Loans up to $20,000.
Must be supported by a verified business rational for assistance.
Repayment to be determined following restoration of normal business activities. There will be a minimum 3-month grace period before payments begin however, payments will begin no later than September 1, 2020.
Documents Required to Apply:
1. Application for Financing.
2. Letter to Superior North CFDC explaining the rationale and what the money will be used for.
3. Business Registration (Master Business License) or incorporation documents.
4. Personal Identification – birth certificate, driver's license, government issued ID.
5. HST number (if applicable).
All applicants will be reviewed on an individual basis.
Please contact our office by email or phone for further information:
Call: 1-888-445-9999 or 807-825-4505
Ron Salo – General Manager firstname.lastname@example.org Ext# 1
Christine Rajala – Lending Coordinator email@example.com Ext# 2
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