EDP Loan Program

The Entrepreneurs with Disabilities Program: a program to help business owners with disabilities

The Entrepreneurs with Disabilities Program is for people who have self-declared a disability and want to set up or expand a business. This program helps reduce barriers for northerners with disabilities.

Who can apply?

Applicants must have a disability that limits their ability to perform at least one of the basic activities of self-employment or entrepreneurship.

This is a not a grant. We will only consider loans, loan guarantees, or partnerships.

What are the conditions for loans?

  • All funding is repayable.
  • Interest rates are charged on loans (ranging from bank prime plus 2% to prime plus 6%)
  • The maximum amount that is available to any individual or business is $150,000.
  • Funding is dependent on the feasibility of the applicant’s business plan.
  • Business and personal collateral may be requested to secure the financing.
  • A minimum of 10% equity is required.

How to apply:

The staff at Community Futures North Central Development will help you apply. A copy of the CFNCD Loan Application is available in the download section on top right of page. They will help you:

  • determine eligibility,
  • complete application forms, and
  • prepare a business plan.

The Business Development Committee will review all applications and approve or reject the application.

There are no current notices.