Business Financing

CEDF Business Services:    Under its Act CEDF can provide services to any client in Northern Manitoba and to any Aboriginal client throughout Manitoba except within the City of Winnipeg. "Northern Manitoba" is defined in regulation as "all that part of Manitoba north of the southern boundary of Township 21".

CEDF can provide a variety of financial services to Business. It's core products are:

CEDF Business Line    Working Capital Loans backed by asset security. The loans are offered at Prime plus 2.25% for a 5 year term (renewable). During the first 36 months - clients can opt to repay only interest. Loan Limit is $75,000 which can be approved in-house.

CEDF Equipment Line - CEDF can finance equipment purchase and refurbishment in all industry sectors up to $1 million. Loans have up to a 10 year term (depending on equipment) and bear fixed interest at CEDF rates. (CEDF's rates are based in its cost to borrow from government and may be risk adjusted for custom or used equipment).

CEDF Builder Line - CEDF can finance property (including business acquisition where property is involved) up to $2 million. Loans are conventional mortgages with an option of floating rates or fixed rates with amortizations up to 15 years and 5 year terms.

CEDF requires a minimum down payment on its equipment and property loans, a higher deposit may be required  where determined by risk.

Other Products:

CEDF  can provide a variety of short term financing options for businesses - Bid Bonding (Asset Backed), Bridge Financing for Contract or funding agreements, and many other financing needs. Call us today to discuss your requirements.

Updated June 2011 - Staff