Loan Application Process

We understand that it takes money to grow, so whether you are looking to start your own business, update or expand an existing business or are simply in need of support for business maintenance, we have the right loan for you. With financing and technical advice, we are here to help your business thrive. We can provide loans for new entrepreneurs wanting to start a business, to help with the purchase of an established business, to expand an existing business or provide working capital for stabilization.

Business Loan Requirements

Businesses applying for loans must be located in the County of Northumberland. As with any application for business financing, a certain amount of detail will be necessary both on the loan application and through supporting documentation.

Please provide the following information:

For existing businesses, please also attach:

  • The past 3 years financial statements and/or Revenue Canada Statement of Business Activities (Form T2125)
  • Revenue Canada Notice of Assessment (T2 for Corporations)
  • HST Return for Registrants (Form GST 34)
  • Statement of Account for Current Source Deductions (Form PD7A)
  • List of your current Accounts Payable and Accounts Receivable
  • Detailed listing of equipment and inventory owned
  • Articles of Incorporation and/or Trade Name registration

Personal Net Worth Statement

  • Personal Net Worth Statement for each applicant (partner(s) and/or spouse)
  • Proof of assessment value of home (MPAC Property Tax assessment and/or residential appraisal report)
  • Copies of Bank statements supporting account and investment balances and loan/mortgage amounts
  • Personal income tax returns for 2 years together with Revenue Canada Notice of Assessment
  • Other information to confirm balances on statements


  • Résumé(s) of partners/shareholders
  • Copy of Birth Certificate and Drivers licenses of partners/shareholders
  • Other documentation as deemed necessary and requested after initial submission

The loan application deadline is normally the 20th of each month.

*Note: If the application is approved there is an Administration Fee of 1% of the approved loan. The $75 Application Fee will be deducted from the Administration Fee if the loan is approved and advanced.

Loan Calculator

Interest rate:

How we evaluate loan applications

All financing decisions are made at the community level by our local Board of Directors, made up of entrepreneurs and experts in their field.

The following criteria may be taken into consideration when reviewing loan applications:

  • Purpose of the financing request
  • Reasonable expectation of economic viability
  • Creation or maintenance of jobs
  • Client character including credit history
  • Qualifications of the owners and/or managers
  • Personal investment or financial commitment
  • Security offered to protect the investment

Loan Decision Appeal Process

  1. Staff review. Clients should first ensure that they have clearly communicated their concerns to the Staff person involved.
  2. Management review. Should a client feel that staff has not satisfactorily addressed their concerns, they may be brought to the attention of the Executive Director
  3. Committee review. Should a client feel that the Executive Director has not satisfactorily addressed their concerns, a written appeal may be made to the Committee responsible for reviewing the application.
  4. Board review. Should a client feel that the Committee has not satisfactorily addressed their concerns, an appeal may be made directly to the Board. Where an appeal is made to the Board, the following steps will be taken:
    • Client provides written appeal to Board
    • Committee provides written submission to Board
    • Board review of Client and Committee written submissions.

The decision of the Board is final.

To register your appeal, please complete and submit the following form:


Loan Decision Appeal Form







    Loans Manager - Kim Botrie

    Kim Botrie, Northumberland CFDC loans Manager is available to answer any questions you may have and assist you through the application process. It’s easy to apply and there is no obligation to proceed.

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    Contact Kim Botrie

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      Kim Botrie is Northumberland CFDC Loans Manager. Formerly Senior Lending Services Officer with Ganaraska Credit Union, Kim worked in personal and mortgage lending for over fifteen years, earning her AMP designation. Additionally, Kim has experience garnered in commercial lending operations. Kim brings excellence in customer service to Northumberland CFDC clients in all business development programs. A proud lifetime resident of Northumberland County, Kim is also a dedicated Parent Council representative. She is currently completing her Bachelor of Arts in Political Science and Economics at Trent University.

      Kim Botrie
      Loans Manager
      905.372.8315 x 221

      With the support of the Federal Economic Development Agency for Southern Ontario