BUSINESS IS BUILT ON STRONG LOCAL CONNECTIONS
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To work towards a stronger regional economy.
The following four objectives serve to guide and direct us in the pursuit of our mission:
• to create jobs
• to maintain our quality of life
• to forge strong community partnerships, and
• to encourage new ventures.
Financing & Loans
The East Algoma CFDC assists area business with flexible and tailored financing solutions.
We can work with you to custom design a financing solution with payments, schedules and amortization that works for your business.
We fund:
New Business
Business Expansion
Business Acquisition / Succession
Building Purchase / Improvement
Equipment Purchase
Inventory Purchase
Working Capital / Bridge Financing
Agricultural
Land Development
Business Technology Improvement
Innovation
Social Enterprise
All of our loan products have a current interest rate of 6.5%. Approvals on loans under $25,000 can be done quickly and in-house term loans up to $150,000 (or $300,000 in special circumstances), can be approved in about a month provided that applications and business plans are detailed and complete.
Through our affiliation with several regional CFDCs, we can offer up to $500,000 in term loan financing through the Northeastern Ontario Investment Pool (NEOIP).
We also offer micro-loans in partnership with PARO in the support of their Women’s Lending Circles that operate in our area.
CallShawn Heard today at (705) 356-1152 x26 to discuss your business financing needs.
Business Counselling
The East Algoma CFDC understands small business and the local marketplace.
From start-up to succession planning, we have the expertise and tools to help you.
We provide the following important services to businesses, entrepreneurs and social enterprises at no obligation or cost:
- Business counselling, documentation and referrals
- Guidance with business plans
- Export support
- Entrepreneurial training
- Information on relevant federal and provincial programs and services
Community Economic Development
The East Algoma CFDC works closely with its regional communities to assess local challenges and to look at new ideas and opportunities that could strengthen their economies.
While keeping in mind the unique circumstances of the local area, we promote Community Economic Development as a community driven process where people plan and act for their future.
We strive to:
- Establish a realistic vision and positive outlook
- Identify local issues and strategies to deal with them
- Motivate and involve others in the community by working in partnership and cooperation
- Recognize volunteers and their importance to the community
We work with a variety of partners from the public and private sectors on projects or special initiatives in areas such as tourism, entrepreneurship, economic diversification, and community adjustment.
Communities Served
City of Elliot Lake
Mississauga First Nation
Municipality of Huron Shores
Serpent River First Nation
Thessalon First Nation
Town of Blind River
Town of Bruce Mines
Town of Thessalon
Township of Hilton
Township of Jocelyn
Township of Johnson
Township of Plummer Additional
Town of Spanish
Township of St. Joseph
Township of Tarbutt & Tarbutt Additional
Township of The North Shore
Village of Hilton Beach
Unorganized Townships
The CFDC covers 128 unorganized townships primarily located north of Hwy 17.
Meet Our Board
Regional Board Representatives
Elliot Lake
Sonya Cloutier
Spanish to Blind River
Percy Owl
Neil Tulloch
Jocelyne Bishop
Iron Bridge to Bruce Mines
David Wolgemuth
Ghislain Lebel
Ryan Connolly
Jock Pirrie
Desbarats to St. Joseph Island
Gail Murdock
Glenn Martin
Meet Our Staff
Shawn Heard
General Manager
705-356-1152 x26
sheard@eastalgomacfdc.ca
Lynn Paquin
Office Manager
705-356-1152 x22
lpaquin@eastalgomacfdc.ca
Diane Lanigan
Information Officer
705-356-1152 x21
diane@eastalgomacfdc.ca
Contact Us
Office Hours
Our Blind River Office is open during the following hours. We are closed from noon - 1:00 p.m. daily for lunch.
Monday | 8:30 a.m. - 4:30 p.m. | |||
Tuesday | 8:30 a.m. - 4:30 p.m. | |||
Wednesday | 8:30 a.m. - 4:30 p.m. | |||
Thursday | 8:30 a.m. - 4:30 p.m. | |||
Friday | 8:30 a.m. - 4:30 p.m. |
Address
Blind River Office:
Lakewood Place (across from the O.P.P.)
P.O. Box 398
1 Industrial Park Road East
Suite 106
Blind River, ON P0R 1B0
Tel: (705) 356-1152
Toll Free: 1-888-227-3569
Fax: (705) 356-1711
E-mail: info@eastalgomacfdc.ca