We don’t just invest in your business, we invest in you.
A volunteer Board of Directors, made up of local business people, help administer the Trenval lending program.
The Board can approve business loans up to $250,000 for business start-up or expansion proposals that create and/or maintain permanent jobs in the Trenval region.
To apply for a loan, you must be ineligible for conventional bank financing and be planning to locate, start or expand business operations in the areas serviced by Trenval.
A completed Loan Application form and Business Plan must be submitted by the 10th of each month for review. Applications are reviewed once per month.
Our interest rates range from 6% – 10%. Repayment terms are flexible and designed to bring maximum advantage to the client’s business. Rates are determined by the Investment Committee.
Financial packaging with other lending institutions such as the Business Development Bank of Canada and local Banks and credit unions can also be arranged.
We realize every business has its own unique needs when it comes to its growth and prosperity. For some, expanding is key, for others it’s the need for new equipment or technology and quite often, a business just needs help getting started, or working capital to support cash flow.
At Trenval Business Development Corporation, we have the resources, knowledge and network to help small and medium sized businesses realize their full potential.
Let’s discuss your unique needs and our flexible and affordable loan packages. We’ve assisted local enterprises with over 825 loans since 1987 totaling more than $32 million dollars. That investment has created 4000 jobs. Ongoing approval of a variety of loans from small sums up to $250,000 has streamlined our application process making it personal and straightforward.
We’re here to make your business idea a reality. Contact our Business & Investment Advisor, Amber Darling, for more information or to book an appointment.
Loan Application Documents – Application deadline is the 10th of each month