Loans

Business Financing

The Peterborough Community Futures Development Corporation (PCFDC) is a federally funded lending agency providing loans of up to $150,000 to small businesses in the City and County of Peterborough. The Peterborough CFDC has invested more than $20,000,000 helping 700+ small businesses create or maintain 2600+ jobs since 1985.

You can set up an appointment to discuss your financing requirements – there is no obligation to apply for a loan and our services are free of charge.

Eligibility

To be considered for a loan from the Peterborough CFDC, you must: 

  • be planning to locate, start or expand business operations in the City or County of Peterborough
  • have reasonable security
  • have a solid credit history
  • have a business number

Loan Application Process:

Complete applications (application form, cash flow and business plan), along with the application fee must be received by the application deadline. Your application will be reviewed by our Business Loans Officer who will contact you for additional information.

Download Loan Application Forms Here:

Small Business & Micro Loan Application (up to $150,000)

Business Improvement Loan Application (up to $7500 at 0%) 

Please also complete a Cash Flow Statement to include with your Loan Application:

Cash Flow Forecast

If you can’t edit Microsoft Word or Excel files, please contact us and we would be happy to email you a different format.


Peterborough CFDC - Proud Supporter of Local Economic Development


Small Business Loans

Small Businesses Can Borrow Up To $150,000

The Peterborough CFDC provides qualified borrowers loans up to $150,000.

Applicants are invited to meet with our Board of Directors on the third Tuesday of the month. Loan decisions are made locally, usually at this meeting.

Maximum Loan Amount:  $150,000

Application Deadline: First Tuesday of the month

Application Fee: $50

Our Small Business Loans are approved on the third Tuesday of the month.


Business Improvement Loans

Small Businesses Can Borrow Up To $7500 @ 0 %

The Peterborough CFDC “BIL” program provides qualified borrowers loans up to $7,500 @ 0 %

The Business Improvement Loan (BIL) has been developed by the Peterborough Community Futures Development Corporation (PCFDC) to assist local businesses and social enterprises with physical improvements to existing facilities such as:

  • a new sign on a store front
  • a renovation for the purpose of expanding a retail operation
  • the creation of a showroom
  • a new demonstration facility for your products or services

Maximum Loan Amount:  $7,500

Application Deadline: Continuous Intake

Application Fee: $50

Our Business Improvement Loans are approved within 48 hours.


Micro Loans

The Peterborough CFDC “micro loan” program provides qualified borrowers business loans up to $10,000 for their business needs.

Maximum Loan Amount:  $10,000

Application Deadline: Continuous Intake

Application Fee: $50

Our Micro Loans are approved within 48 hours.