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Services ~ General Information

Business Advisory Services  |  Investment Services


Questions to Ask Yourself:

Here are some things to consider before contacting SBDC:
1. What product or service are you looking to sell?
2. Have you identified or researched your market?
  Who are your customers?
  Who are your competitors?
3. What start-up costs (registration & licensing, building, equipment, supplies, etc.) do you expect?
4. Have you considered what form your business would best operate under? (ie: sole proprietorship, limited partnership, corporation)
5. What financing may be needed?
6. Do you have equity (cash or in-kind) to contribute to the business?
7. Are you going to develop a sales & marketing plan?
8. Have you projected your production costs?
9. What Federal or Provincial regulations affect your business? (environmental, health, safety, etc.)

These are only some of the questions which need to be investigated when looking at starting a new business.

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Business Advisory Services

  • Assistance in Business Plan Preparation and Review
  • General Business Information & Demographics
  • Government Program Informanars & Training re: Business Management
  • Export Readiness Information
  • Assistance in negotiating loan packages with other lending institutions
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Investment Services

  • Funding is available which will create new jobs or maintain existing jobs.
  • Term loans up to $150,000 may be considered for the purchase of equipment, leasehold improvements, inventory and operating capital.
  • Interest rates based on business proposal & risk, and are not less than rates from a traditional lender.
  • Loans in the form of term and/or demand participation may be approved by the Board of Directors.
  • No Grants or Forgiveable Loans.
Loan requests are assessed on the basis of:
  • Business plan viability
  • Management expertise (ie: Qualifications - experience, ability, etc.)
  • Job creation/maintenance and average cost per job created/maintained
  • Owner Equity (typically 25% of total project)
  • Security (ie: Property, Assets, 3rd Party Guarantee, etc.)
  • Program criteria
Loan Application
(PDF file - 45KB)		       Statement of Assets & Liabilities
(PDF file - 47KB)
 
Client Consent Third Party
(PDF file - 62KB)		       Notice to SEDC Clients
(PDF file - 57KB)

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