To encourage improvements in small business performance, Muskoka Futures offers
funds that may be used to acquire improved equipment or enhance knowledge in a
specialized area (e.g. communications, ISO development, computer upgrades, internet
access, website development or upgrade, etc.).
Qualifications
Any Muskoka business owner who wants to improve their competitive advantage with a
technology based requirement that fits the loan purpose stated above.
Each case will be considered individually but it could include such diverse needs as
purchasing training to guarantee improved industry standard results or leading
equipment or software for specific target markets or creating/upgrading a website.
All approvals are subject to a Credit Check.
Security/Collateral
Personal/Corporate Guarantee
General Security Agreement or collateral mortgage
Special Grant
Investments in Broadband for E-Business and Marketing (BEAM) may also qualify for a
contribution of up to $2,000.00 from Muskoka Community Network (MCN); www.mcnet.ca/business/beam
Funding Facts
Loan Amount
Under the Fast Forward Financing, loans in the amount of $5,000, $7,500 or $10,000 are available
Rates
The interest rate will be 8% per annum.
Term/Payments
Maximum 3 years; blended payments of principal and interest monthly. Typical monthly payments would be $156.04, $234.06 or $312.08, based on the amount of loan.
No penalty for early payout.
Application/Reporting
To apply, you must complete our Business Financing Application, Personal Financial
Statement and provide us with a credible Business Plan or Proposal:
www.muskokafutures.ca/loaninfo.html
All Clients must submit a monthly financial statement(s) reporting revenues and
disbursements, at a minimum.
Muskoka Futures