General Info

Questions to Ask Yourself:

Here are some things to consider before contacting SEDC:

What product or service are you looking to sell?
Have you identified or researched your market?
- Who are your customers?
- Who are your competitors?
What start-up costs (registration & licensing, building, equipment, supplies, etc.) do you expect?
Have you considered what form your business would best operate under? (ie: sole proprietorship, limited partnership, corporation)
What financing may be needed? Do you need help with funding?
Do you have equity (cash or in-kind) to contribute to the business?
Are you going to develop a sales & marketing plan?
Have you projected your production costs?
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.

Assistance in Business Plan Preparation and Review
General Business Information & Demographics
Government Programs & Training re: Business Management
Export Readiness Information
Assistance in negotiating loan packages with other lending institutions
Assistance with registering your business
(by appointment; fee is $60 - so bring a credit card as we don't handle cash; Visa, Master Card and American Express accepted)
Assistance with business name search (fee of $8.00 applies - with credit card as above.)

Funding is available which will create new jobs or maintain existing jobs.
Term loans up to $250,000 will be considered for the purchase of equipment, leasehold improvements, inventory and operating capital.
Interest rates based on business proposal and risk.
Loans in the form of term, equity and guarantee may be approved by the Board of Directors.
No Grants or Forgiveable Loans.