Business Expansion Loan
TEMFUND’s Business Expansion Loan offers up to $500,000 in term-debt financing to help businesses grow and scale their operations. With a 10-year amortization, this loan is designed to assist businesses in acquiring equipment or assets that boost productivity, improve competitiveness, create jobs, or increase market share.
TEMFUND’s Business Expansion Loan provides eligible clients with up to $500,000 in term-debt financing. A typical Business Expansion Loan will be repayable over a 10-year amortization.
The fund is designed to assist existing businesses to expand their operations, by purchasing equipment or other assets, that will enhance productivity, improve competitiveness, create jobs or grow market share.
Applications for the Business Expansion Fund will normally be supported by a “Business Plan with supporting documents” (available on our website under “Loan Application”), which clearly demonstrates the viability of the business venture.
Individuals interested in this fund are strongly encouraged to have an initial meeting with TEMFUND staff to help ensure that they are fully informed of the documentation required to support their application.