The Peterborough CFDC operates as a source of financing when conventional business financing is not available. They offer loans up to $150,000, reasonable interest rates, and flexible repayment plans. To apply for a loan you must be planning to start or expand your business in the City or County of Peterborough, present a viable business plan, and have reasonable security.

For more information or to download a loan application, please visit www.cdc.on.ca or call the office at 705-745-5434.

Eastern Ontario Development Program (EODP)

EODP objectives focus on two priority areas: Business Development and Community Innovation.

Business Development (BD) – supports projects that will lead to the growth of new and existing businesses within rural eastern Ontario communities. This includes initiatives in key areas, such as skills development, youth attraction, innovation and information and communication technologies (ICT) adoption.

Community Innovation (CI) – enables community-led economic development that enhances and diversifies local economies. Working in partnership with community stakeholders, CI builds the economic and innovative capacity of rural eastern Ontario communities, and develops opportunities for sustainable economic growth and employment.

New funding available in December 2011.

Minister Goodyear, Minister for the Federal Economic Development Agency for Southern Ontario announced on Friday, October 21, 2011, the renewal of the Eastern Ontario Development Program.

The Peterborough CFDC is developing applications with intake expected in mid-December. Please check back often for more information.

EODP objectives focus on two priority areas: Business Development and Community Innovation.

Business Development (BD) – supports projects that will lead to the growth of new and existing businesses within rural eastern Ontario communities. This includes initiatives in key areas, such as skills development, youth attraction, innovation and information and communication technologies (ICT) adoption.

Community Innovation (CI) – enables community-led economic development that enhances and diversifies local economies. Working in partnership with community stakeholders, CI builds the economic and innovative capacity of rural eastern Ontario communities, and develops opportunities for sustainable economic growth and employment.

Collaborative Projects
Eligibility
EODP projects that involve and benefit one or more communities are encouraged. Collaborative Projects are expected to result in a greater number of strategic economic development initiatives and improved partnerships to benefit eastern Ontario communities, including the strengthening of linkages between urban and rural areas. The objective of Collaborative Projects are to support initiatives which will stimulate business development and community innovation opportunities by promoting economic development leading to a competitive and diversified regional economy within eastern Ontario. These projects will involve investements from two or more CFDCs.

Eligible Project Recipients:
a) Non-profit organizations including municipalities and municipal organizations, corporations, community economic development organizations, and:
b) Commercial enterprises including individuals, corporations, partnerships, cooperatives, or trusts: or,
c) Aboriginal organizations.

Eligible Activities:
Collaborative Projects should promote broad-based collaborative economic development leading to a competitive and diversified economy, while contributing to the successful development of business/job opportunities and prosperous communities. Initiatives should demonstrate broad support from the region and/or various partners; and offer sustainable, measurable, economic benefits to the regional economy. Collaborative projects will have EODP investment support and contributions from two or more CFDCs.
Special consideration should be given to projects that focus on initiatives which stimulate business development and job creation; support community innovation; attract and retain youth; increase opportunities for skills development; and enhance innovation and ICT.

The Canadian Youth Business Foundation – www.cybf.ca

The Canadian Youth Business Foundation (CYBF) is a national charity providing pre-launch coaching, business resources, start-up financing and mentoring to help you start your own successful business. If you are 18-34 and have a business idea…CYBF can help!

Entrepreneurs need money – that’s no secret. CYBF provides start-up financing of up to $15,000 for young entrepreneurs. Plus additional financing may be available through CYBF’s partnership with the Business Development Bank of Canada (BDC), where you can get up to an additional $30,000. That’s not all. CYBF also has an expansion program, which offers up to $10,000. That’s a total of up to $55,000 available for your new venture. CYBF supports businesses of all kinds – skilled trades, technology, retail, services, and everything in between. CYBF provides financing based on character and a great business plan.

Along with the financing, you will benefit from CYBF’s mandatory world-class mentoring program. Every entrepreneur is hand-matched with an experienced business mentor for a minimum of two years to allow knowledge sharing and ensure a higher business success rate. A mentor is an vital resource with years of valuable business experience – and you get his or her assistance free for a minimum of two years with your CYBF financing!

We are proud to be your official Community Partner for the CYBF Program.

Eligibility Requirements:

• Between 18-34 years old
• A Canadian citizen or a permanent resident of Canada
• Produces a complete and viable business plan
• Has been in business, fully operating, for less than 12 months
• Lives or opens the business in the community which is offering the CYBF program
• Has some training / experience related to their business idea
• Willing to work with qualified business mentor for a period of two years
• Has a business that creates full-time sustainable employment for the applicant
• Holds at least 51% voting share in the business (if a partnership)
• Not a full-time student
• Financing proceeds may NOT be used for the refinancing of existing debt

GET STARTED NOW!
Visit www.cybf.ca for more information about the program, eligibility criteria and all their services.
Or contact us, your local CYBF Community Partner today!

Michelle Teasdale
CYBF Coordinator
Ph: 705-745-5434
Email: mteasdale@cdc.on.ca

Peterborough Community Futures Development Corporation
351 Charlotte Street
Peterborough, ON
K9J 2W1

The Peterborough CFDC is occasionally requested to consider financial assistance in excess of our regulatory limit of $150,000.

In order to assist those clients, the Peterborough CFDC has teamed with our Eastern Ontario colleagues in forming an Investment Fund loan pool of up to $500,000.

Full details on additional requirements are available by calling our office at (705) 745-5434.