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Resources - Financing

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Up to $250 000 or in combination with another lender


Small Business Loan

  • Term Loans available up to $250 000 for businesses who qualify.

  • Flexible terms.

  • Help in preparing your business plan

  • Evaluation of the viability of your business venture and assistance in obtaining a realistic financing

  • Information concerning government programs and services available to small businesses.

Loan requirements:

  • The loan must be used to start or expand a small business

  • The business must be physically operating in Prescott-Russell

  • The business must maintain or create employment

  • Interest rate is fixed to the National Bank of Canada prime rate plus 3%

  • Grants, bursaries or forgivable loans are NOT available through the PRCDC

  • The loan applicant must be able to financially contribute to his/her project

  • Must be declined by a financial institution or may be a partnership with a financial institution