Find the right fit for your needs.
CDC loans are designed for businesses at every stage — whether you're launching, expanding, or stabilizing an existing operation.
- Fixed terms generally linked to the useful life of the asset or the cashflow profile of the business
- Interest rate is fixed for the life of the loan — no variable rate risk
- Loans are open — pay out early at any time without penalty
- Loans are stackable — can be combined with other financing programs
- Loans up to 50,000 have quick review process, typically within 10 business days, depending on the completeness of the information provided by the applicant
- Due to the scale, a third-party consultant conducts due diligence on behalf of the pool partners
- Loan terms are fixed to the life of the asset or the cashflow profile of the business
- Interest rate is generally fixed for the life of the loan
Who Can Apply
Built for every stage of business.
CDC loans are available to businesses at three stages — no minimum revenue or operating history required to start a conversation
Launching a new business and need capital for equipment, leasehold improvements, or initial operating costs.
Growing an existing operation — new location, additional equipment, increased capacity, or change of ownership.
Addressing a financial challenge, restructuring debt, or bridging a cash flow gap to keep operations running smoothly.
How to apply.
Talk to Us First
Not sure which product fits? Start with a free Business Counselling session. CDC staff will help you identify the right loan type and strengthen your application before you submit.
Submit Your Application
Complete the online application. Have your business plan, financial projections, and supporting documents ready — a more complete submission means a faster decision.
Review & Approval
CDC staff review your file and may follow up with questions. Applications under $50,000 are typically reviewed within 10 business days of receiving complete information.
Funding & Ongoing Support
Once approved, your fixed rate is locked in and funds are advanced. You're welcome to return for additional counselling or financing as your business evolves.
Common questions.
What is the interest rate on CDC Loans?
Rates range from Prime + 2% to Prime + 4%, based on application strength and risk profile. The rate is fixed for the full term of the loan.
Can I pay off my loan early?
Yes — all CDC loans are open, meaning you can pay out the balance at any time without penalty.
Can I stack a CDC loan with other funding sources?
Yes CDC loans can be combined with other sources of financing allowing you to assemble a larger overall financial package
How quickly can I get approved?
Applications up to $50,000 are normally approved within 10 business days, provided all required information is submitted with the application.
What if I need more than $300,000?
Larger projects can be considered through the Northeastern Ontario Investment Pool (NEOIP), which offers financing up to $750,000. Eligibility criteria are the same as standard in-house loans, though a third-party due diligence review is required at that scale.
Do I need an existing business to apply?
No — start-ups are eligible. If you're pre-launch, a free Business Counselling session is a great first step to make sure your application is as strong as possible before you submit.
