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Can I apply for a CDC loan only once?

Date added:
Tuesday, 11 May 2010
Hits:
1830

Answer

No.  We are able to lend up to $250,000 per client; that can be in one large loan or through a combination of smaller loans.  In all cases, a well detailed business plan that demonstrates the feasibility of your business and your ability to repay your debts is required.  You can apply for a CDC loan to start-up, expand and sustain your business if you have a solid business concept and plan.

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