Purpose of the Business Improvement Program
The Business Improvement Program (BIP) has been developed by the KLCFDC to assist local businesses and social enterprises with newly-developing physical improvements to existing facilities to stimulate business growth and further long-term development.
Deadline for Applications
Dependent on the availability of funding, applications will be considered on a continuous intake basis.
Please call (705-328-0261--extension 22) to inquire about availability.
Eligible activities include:
The BIP is not designed to limit activity as much as to insure these are the types of activities that can both make a positive impression--for both the facility and those patronizing it, as well serve as tools by which the business can show a measurable improvement to its "bottom line". For example, eligible activities may include a new sign on a store front, a renovation for the purpose of expanding a retail operation, the creation of a showroom or counter to add to your sales volume, possibly a new demonstration facility for your operation, a ramp to help with customer accessibility, or a cosmetic improvement to a structure or space which can clearly be assessed as to improve the customer experience. There may be other activities which may be involved in your project, so please ensure all that you wish to seek support for is clearly expressed within your application and cost estimates.
Approved loans are interest free with repayment terms of up to five years.
Applications are assessed on the following criteria:
Attention: As noted above, under the KLCFDC’s Investment Fund guidelines, we can provide loans of up to $150,000 to local businesses. If you require this level of support, we urge you to contact us directly and be aware that we are open to discuss how we can best support you further; with the BIP offer becoming a part of an overall transaction/ loan to your business. As mentioned, this would involve a different process, falling under our traditional Investment Fund guidelines and potentially involve additional terms and conditions.
Simply stated BIP is about: "Renovation, Restitution and Replacement”. The Kawartha Lakes Community Futures Development Corporation (KLCFDC) is looking to assist eligible organizations and businesses to undertake renovations, to re-instate facilities to their previous condition, and/or to upgrade components--visually seen by the public (examples; signage, windows, display area, etc), resulting in the overall improvement/ enhancement of the facility.
For complete details, please review “Guidelines” section, listed above.
The KLCFDC may provide a non-interest bearing loan for up to 75% of eligible project costs to a maximum of $7,500.00.