Community Development Corporation of Sault Ste. Marie & Area
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Application

How Do I Get Started?

  1. Let's talk, or Go directly to the Application
  2. Complete the on-line application
  3. Meeting to review the application
  4. Decision
  5. Ongoing Support

We’re here to help. To get started we need a bit of information to get us going. Our On-line application is designed to gather some information to get the ball rolling. Should you have any questions on the completion of the application, you can contact Karen Senecal with your questions at 705-942-9000 ext 222.

Apply Now!!!

       

PERSONAL INFORMATION

*FIRST NAME *LAST NAME
*ADDRESS *ADDRESS STATUS           SINCE
*PREVIOUS ADDRESS
(if less than 3 yrs. at above address)
*DATE OF BIRTH
*RESIDENTIAL TELEPHONE *BUSINESS TELEPHONE
*RELATIONSHIP STATUS    *NUMBER OF DEPENDANTS
*EMAIL
*EMPLOYER *POSITION
*SALARY *YEARS
  OTHER INCOME   SOURCE(S)

STATEMENT OF NET WORTH

ASSETS

Real Estate 1
Real Estate 2
Investments (GIC's/Stocks/Bonds) RRSP's
Bank Account TFSA
Automotive 1
Automotive 2
Recreation Equipment Other Assets
Total Assets $

LIABILITIES

Loan 1 Loan 2
Line of Credit Student Loan
Mortgage 1 Mortgage 2
Credit Card 1 Credit Card 2
Credit Card 3 Other Liabilities
Total Liabilities $

NET WORTH $

  1. I, hereby declare that all of the information provided herein and accompanying statements is true, complete and correct, to the best of my knowledge.

  2. I authorize the Corporation to obtain personal credit information about me from any source. By executing this statement, I acknowledge as notice in writing, the Corporation's intent to obtain this information and I authorize each source to provide this information to the Corporation.

  3. I authorize the Corporation to retain this Statement of Personal Assets and Liabilities and any financial records, credit and reference reports for the Corporation's records and reporting to the Federal Government who oversees the Community Futures Program.

  or   I am currently the subject of litigation before a court, tribunal, government board or agency, or there is a threat of such litigation. There are unexecuted judgment(s) registered against me, such as:
  or   I have made an assignment or have been petitioned into bankruptcy; there are writs registered against my name. If yes, provide details:
  or   I certify that I am a Canadian Citizen or Landed Immigrant.
Signature

BUSINESS INFORMATION

*Name of Business *Business Address
*Type of Ownership               
*Federal Business Number
(HST, Payroll, Income Tax)
  History of Business
Please provide us with a brief History of the Business (Length of time in business, Products or service offered, Management Team)
  Please provide a Description of the Project.
(Change of Ownership, Expansion, Start-up, Working Capital, Equipment, other)

ESTIMATED PROJECT COSTS

Land Building/Leaseholds
Equipment Working Capital
Other
Total Project Cost $

EXPECTED FINANCING

CDC Loan Investment by Owners
Other Financing 1 Other Financing 2
Total Expected Financing $
  Are any special skills or licenses/zoning required for this project?
  What are the Benefits to the Business?
(Increase sales, increase profits, market share, maintain or create jobs etc.)
  Please Describe your Product or Service
(What is unique, is there competition)
  Who is your target Market?
(Personal, Industrial, Business, Local or beyond the Sault area)
  What is your Value Proposition?
(Why buy from you - how large is the market?)
  How do you plan to market your product?
(Social Media, Radio, Newspapers, Trade Shows)
  How many Jobs will be created or Maintained as a result of this project?
Full time, Part time, etc.
  Are there any environmental issues associated with this project?

FINANCIAL PROJECTIONS

  What are your projected Sales for the Coming Year and how were they calculated?
(Flat Rate Contract, Hourly Rate, Traffic Counts, Volume X Price, Market Studies, Competitors)

FORECASTED REVENUE DETAILS

Forecasted Revenue

FORECASTED MONTHLY EXPENSES

Employee Wages and Benefits Management Wages
Inventory Purchases Rent
Utilities Phone/website etc.
Licenses, Fees and Dues Insurance
Repairs and Maintenance Travel Entertainment
Vehicle Office Supplies
Advertising Bank Interest, Service Charges
Municipal Taxes Professional Fees
Miscellaneous CDC Loan Payments
Other Loan Payments
Total Estimated Monthly Expenses $
Once we receive the completed on-line form, we will review the application and contact you to arrange an appointment to discuss your project. We will likely require additional information such as financial statements, if available and will work with you to complete a cash flow forecast. Assistance will be provided where needed.

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