Small Enterprise Loans

Offered by the Huron Business Development Corporation (HBDC), small enterprise loans are available to Huron County based entrepreneurs. Any business that operates within the borders of Huron County, new or existing, may apply for a loan after having been declined by traditional sources (i.e. banks). Each business may apply for a loan up to $150,000. Approved loans are assessed a floating interest rate of prime plus 4%. Loans can be amortized up to 10 years and may be repaid early without penalty. The application process requires completion of a feasible business plan.

Youth Business Loans

HBDC is now partnering with the Canadian Youth Busines Foundation - CYBF. CYBF helps young Canadians who have a great business idea and require financing, mentoring and the right business resources to start a business.

If you are between the ages of 18 and 34 and have a business idea CYBF can help! In addition to financial assistance, CYBF hand-matches qualified business mentors with young entrepreneurs to allow knowledge sharing which drives a higher business success rate.

Click here for more information on obtaining a CYBF loan.

Contact:

Jim Niesen
Business & Loans Manager
Huron Business Development Corporation

Phone: (519) 527-0305 ext. 28
Fax:: (519) 527-2240
E-mail: jniesen@smallbusinesshuron.ca

The Canada Small Business Financing Program seeks to increase the availability of loans for establishing, expanding, modernizing and improving small businesses. It does this by encouraging financial institutions to make their financing available to small businesses. Under the Program, a small business must apply for a loan at a financial institution (bank, credit union or caisse populaire) of its choice.

The Business Development Bank of Canada (BDC) helps create and develop Canadian businesses through financing, venture capital and consulting services, with a focus on small and medium-sized enterprises (SMEs). The BDC does this through:

• Financing: long-term loans for projects and working capital
• Subordinate financing: hybrid debt and equity financing
• Venture capital: direct and indirect investments in high technology companies
• Consulting services: tailored, quality consulting services at a price businesses can afford

Management Consulting

The Huron Business Development Corporation (HBDC) attempts to increase long-term business success by providing management consulting services. These services encompass all areas and facets of small business operation. Ranging from general business start-up tips to information on government services and programs, entrepreneurs may seek specific support in sales & marketing, human resources, inventory management, buying & selling a business, exporting, incorporation, bookkeeping, and taxation. By far, the most common services in this category relate to the preparation and review of business plans and financing proposals.