Site: Corporation for Business Development

Service: Micro-Loan Fund

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Description & Services
Description (Service)
  • Offers simple term-debt loans up to $10,000 for viable business ideas repayable over a two-year term 
  • Provides small business persons or entrepreneurs access to quick and simple financing
Hours Mon-Fri 8:30 am-12 noon, 1 pm-4:30 pm
Areas Served Blind River ; Elliot Lake ; Serpent River First Nation ; Spanish ; The North Shore
Eligibility Must be a resident of the communities served or have a business operation within the communities served
  • Must submit a documentation package accompanying the application that focuses on the immediate needs of the business or the opportunity available 
  • Will be required to support the business case for the request, no formal business plan required
Languages English
Fees Program - repayable loan over two-years ; None - Services ; Loans are term-debt repayable
Additional Service Sites
Contact Information
Office Phone 705-848-0229
Toll Free Phone 1-800-256-7299
Fax 705-848-1539
E-Mail welliott@elnos.com
Website www.elnos.com
Primary Contact Danielle Vincent, Adminstrative Assistant; Phone: 705-848-0229 ext 221; Email: dvincent@elnos.com
Alternate Contact Sharon Farquhar, Director of Financial Services; Phone: 705-848-0229 ext 235; Email: sfarquhar@elnos.com
Located In Community Elliot Lake
Address 31 Nova Scotia Walk, Suite 306, 3rd Fl
Elliot Lake, ON P5A 1Y9
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Intersection Nova Scotia Walk and Quebec Rd
Physical Access Not Accessible
Other Details
Legal Status (50) Non Profit
Funding City / Town - City of Elliot Lake ; Federal - FedNor Canada