Financing
About Financing
A volunteer Board of Directors made up of local business people that administer the Trenval lending program.
The Board can approve business loans up to $150,000 for business start-up or expansion proposals that create and/or maintain permanent jobs in the Trenval region.
To apply for a loan, you must be ineligible for conventional bank financing and be planning to locate, start or expand business operations in the areas serviced by Trenval.
A completed Loan Application form and Business Plan must be submitted by the 10th of each month for review. Applications are reviewed once per month.
Our interest rate is Prime + 2% (minimum 6%) for fully secured or Prime + 4.5% (minimum 8%) for limited secured loans. Repayment terms are flexible and designed to bring maximum advantage to the client’s business.
Financial packaging with other lending institutions such as the Business Development Bank of Canada and local Banks and Trust companies can also be arranged.
We’re here to make your business idea a reality! Contact our Loan Officer, Amber Darling for more information or to book an appointment.
Loan Application Documents – Application deadline is the 10th of each month
Download a Trenval Loan Application here
Download a Guarantor Statement here
Download a Business Plan Outline here
Download a Cash Flow forecast here
Download a Break-even analysis here
Download a Loan Application Checklist here
Download Start up Cost Calculator here
Existing Trenval Loan Clients
June 05, 2013 Ontario Self-Employment Benefit Program (OSEB) – next session
June 29, 2013 Trenval Welcomes New Executive Director
