BIZ: Micro-loan Program

accesscommunityfundThinking of starting your own business? Do you have an existing business and you’re looking to expand?

Are you looking for a micro-loan? Need a different financial option rather than a traditional bank?

Do you live in the Greater Toronto Area?

Today, I attended a session by a community organization that assists individuals to attain an affordable loan without an established credit history or collateral. Funds are available to eligible borrowers up to the maximum amount of $5000. All applicants are reviewed by a Loan Review Committee (LRC); decisions are made within four weeks; after complete application submission.

Need more details? I’ll be posting ‘How-To’ with tips to meet the eligibility requirements and business plan evaluation.

UPDATE: How-To Apply for a Microloan Program

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