Site: Corporation for Business Development

Service: General Loan Fund

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Description & Services
Description (Service)
  • Provides eligible clients with up to $250,000 in financing or equity investment 
  • Assists existing businesses to stabilize and expand their operations, or to allow for the development of a solid new business venture or start-up
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 have a well-thought-out and comprehensive business plan, which clearly demonstrates the viability of the business venture 
  • Must meet with staff to receive required documentation to support the application
Languages English
Fees None ; 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, Administrative 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