Empower Your Business with CIP Microloans

If you're looking to grow your business through a Community Improvement Plan (CIP) grant but need help with upfront costs, Community Futures Lambton is offering microloans to bridge the gap until you receive your CIP reimbursement.

Available Funding:

• $5,000 to $15,000
• Interest Rate: Prime + 2%
• Term: Up to 5 years (repayable anytime without penalty)

This microloan program supports businesses approved for Sarnia’s CIP programs, helping cover your project costs while awaiting reimbursement.

Eligibility Criteria:

• Applicants must meet CIP program criteria and provide evidence of approval.
• Funds must be used for the approved project.
• A credit check is required, but a strong credit rating isn’t mandatory.

To Apply: Submit a loan application, personal financial declaration, a $150 application fee (refundable if declined), and a business plan or project description.

This loan program is an excellent opportunity for businesses to secure the funds they need to begin their community improvement projects.

For more information and to apply, visit Community Futures Lambton’s website or reach out directly.

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