Questions to Ask Yourself:

Here are some things to consider before contacting SEDC:

1. What product or service are you looking to sell?
2. Have you identified or researched your market?
   • Who are your customers?
   • Who are your competitors?
3. What start-up costs (registration & licensing, building, equipment, supplies, etc.) do you expect?
4. Have you considered what form your business would best operate under? (ie: sole proprietorship, limited partnership, corporation)
5. What financing may be needed? Do you need help with funding?
6. Do you have equity (cash or in-kind) to contribute to the business?
7. Are you going to develop a sales & marketing plan?
8. Have you projected your production costs?
9. 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.

Business Advisory Services

• 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

Understanding Business Terms
SEDC Business Plan
Annual Projections Worksheet
Dealing With Your Banker
Starting a Small Business in the Saugeen Community
Link to Helpful Websites
Business Plan Guide

Investment Services

• 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.

Loan requests are assessed on the basis of:

• Business plan viability
• Management expertise (ie: Qualifications - experience, ability, etc.)
• Job creation/maintenance and average cost per job created/maintained
• Owner Equity (typically 25% of total project)
• Security (ie: Property, Assets, 3rd Party Guarantee, etc.)
• Program criteria

If you would like to fill out a loan application, click HERE

SEDC Contact Information:

P.O. Box 177, 515 Mill Street, Neustadt, ON N0G 2M0 | Ph: 519-799-5750 | Toll-free: 1-877-335-7332 | Fax: 519-799-5750