In response to the business interruption currently experienced by small businesses in Oxford, Community Futures Oxford has introduced the Emergency Microloan Program.

The newly announced Community Futures Oxford microloan can be used to cover rent or lease payments.

Lindsay Wilson, CED Coordinator at Community Futures Oxford says that applications are being accepted immediately.

“These emergency Microloans of up to $30,000 will provide short and medium-term cash flow to help Oxford businesses with limited or no revenue, get through the next several months.”

To qualify, candidates must meet the following criteria.

  • Eligible businesses must be located within Oxford County
  • Funding to be used for monthly cash flow requirements
  • Loan can be used to cover business rent/lease payments of up to $2,500/month for one year
  • Loan of up to $30,000 per client
  • No interest for the first 6 months (limited time offer)
  • Expedited application and approval process
  • Please contact our office regarding all terms and conditions of the loan

Wilson says that COVID-19 has created many problems for businesses in the area but is hopeful for the future.

“We understand this has been a challenging time for small business owners in Oxford County. Many are experiencing unprecedented business interruptions as we all work together to stop the spread of COVID-19. Together, we will get through this..”

Community Futures Oxford is hosting a teleconference Q and A for those that would like more information on Tues, April 7th, at 10 a.m.

https://www.eventbrite.ca/e/emergency-response-microloan-teleconference-q-and-a-session-tickets-101827789660

While the Community Futures Oxford team is working remotely, you can get more information from their website or social media.

Website: www.cfoxford.ca
Facebook: https://www.facebook.com/CommunityFuturesOxford

You can also reach out to:

LINDSAY WILSON
CED Coordinator
O: 519-425-0401
C: 519-532-6141 (call or text)
asimm@nullcfoxford.ca