Can a local non-profit corporation apply for a CDC loan?
- Date added:
- Tuesday, 11 May 2010
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Answer
We have a lending program targeted to social enterprises. These are non-profit organizations that have a triple mandate: concern for a particular segment of the community, look to minimize their environmental impact, and redirect their profits into improving the lives of an at-risk target population such as seniors, youth, etc.
As in the case of our traditional lending, the social enterprise must provide a detailed business plan outlining their business concept, their financial projections and the ability to repay their debt.
As in the case of our traditional lending, the social enterprise must provide a detailed business plan outlining their business concept, their financial projections and the ability to repay their debt.
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