ELIGIBILITY & REQUIREMENTS.
At Temfund, we are committed to supporting businesses in the Temiskaming Region and Temagami Area. To ensure a smooth application process, it's important to understand our eligibility criteria and documentation requirements for our loan programs. Whether you're looking to expand your operations, improve your business's façade, or launch a new venture, we have tailored programs to meet your needs.
General
Requirements.
Business Eligibility
Your business must be located in the Temiskaming Region or Temagami Area and should align with Temfund’s mandate of fostering economic growth in the community.
Project Budget
A detailed project budget is essential, especially for loan programs like the Low Interest Loan or Business Expansion Loan. The budget should outline your sources of funding, including equity contributions and grants.
Business Plan
A comprehensive business plan is required for most loan programs. This plan should demonstrate the viability of your business venture, including financial projections, business goals, and strategies for growth or improvement.
Grant Approvals (if applicable)
For specific programs, such as the Low Interest Loan, you’ll need to provide confirmation of grant approval (e.g., Enterprise Temiskaming’s “Starting Company Plus” grant or Municipal Community Improvement Program (CIP) grant for façade improvements).
Equity Contribution
In certain cases, such as with the Municipal Façade Improvement Loan, applicants must contribute at least 10% equity towards the project.
What Our Applicants Say.
Ken Lauzon, Lauzon Stoneworks
"Temfund was instrumental in helping Lauzon Stoneworks secure the funding needed to start our business adventure. Their team was incredibly helpful and provided excellent advice every step of the way. We couldn't have done it without them! "