All loan applicants must apply with a business plan, cash flow projections or financial statements. 

If you feel that you have a strong business concept and business plan (either starting a new business or expanding a current business), we recommend that you contact us. Our Business Manager/Loans Officer will work with you to determine the feasibility of the plan and explore all possible alternatives available.

SEDC's mandate is to create and maintain jobs, which allows us some flexibility and creativity when developing business loans. Our goal is to assist businesses to succeed and grow: therefore, we look at the whole business plan (i.e. concept, management, partners, experience, demographics…and the numbers).

While this is our mandate, it does not guarantee approval. The business plan MUST stand up to the scrutiny of our Board of Directors as a feasible, viable plan.

Amount of Financing

  • Up to $250,000 maximum

Term of Financing

  • Based on individual application

Cost of Financing

  • Based on each application and its variables
  • Some service charges may apply

Loan Repayment Term

  • Tailored to each client's needs 

Processing and Account Management Fees

  • Some may apply

Average Decision Turnaround

  • 1 week to 1 month, varies based on individual factors


  • All Loans must be secured (e.g. P.P.S.A., mortgage, personal guarantee)

Other Requirements  

  • Financial Statements as requested 
  • Additional supporting documents as requested

SEDC Business Loan Applications
(click on links below to download application, disclosure and release forms.)

SEDC Business Loan Checklist

SEDC Basic Loan Application

Youth Initiative Loan Fund Program Guide & Workbook

Youth Initiative Loan Fund Application

Business Improvement Loan Fund

Business Start-Up Loan Fund

Agri-Business & Agri-Food Loan Fund

Advancing Women Economically Loan Fund application


Note: if submitting any loan fund application, you will also need to submit the Notice to SEDC Clients form.