Business Financing
Business Loans
South Lake Futures provides business loans up to $300,000 for new and existing businesses and social enterprises located in East Gwillimbury, Georgina and East Gwillimbury. Financing can be used to assist with business expansion, the purchase of new assets, working capital, the purchase of an existing business or to start-up a new business. We do not compete with traditional financial institutions. We work collaboratively with banking institutions to find solutions. As part of our qualification process, applicants are first required to explore traditional financing services. If those services are either insufficient or unavailable, we may be able to offer an alternate lending solution that works for your business.
To Apply
To apply, applicants must submit a completed and signed Business Loan Application. The application can be found below under "Links". Please click the "Apply Now!" button. In addition to the application, you will be required to submit the following information:
- A copy of your business plan
- Cash flow projections
- For existing businesses, your last 2 years financial statements
- Government issued ID confirming your identity
For a copy of our application or more information, please contact info@southlakefutures.ca
Larger Loans
South Lake Futures works in partnership with the Georgina Association for Business (GAB) to deliver larger loans. GAB provides business loans up to $400,000. These loans require the same application process as our regular business loans. GAB, at its sole discretion, can make loans to businesses in other local rural communities outside of SLCFDC's defined service area. This may include, but is not limited to, loans to businesses in Scugog, Uxbridge, Whitchurch-Stouffville and King Township. Prospective clients seeking larger loans are advised to speak with the General Manager or Business Loans Officer prior to proceeding with an application.
Any information provided to us by our clients is subject to Canada's Personal Information Protection and Electronic Documents Act (PIPEDA).