HCDC Business Financing

No matter how big or small your need for business financing, our knowledgeable staff are always pleased to meet with you to discuss your needs.  Whether you are just starting, been in business for a long time, are exploring new possibilities, or need some advice, HCDC is here to assist you.   HCDC can provide business counselling, access to business development and other funding resources and help you with the loan application process. 

Loans for new, existing or expanding businesses in Haliburton County, Ontario 

What types of things can loans be used for?

  • Equipment
  • Operating costs
  • Vehicles
  • Business/land/building purchase or improvements
  • And almost anything else you can think of!

Why a loan from HCDC?
HCDC helps businesses start up and expand in Haliburton County by providing flexible financing options for businesses up to $250,000. HCDC's financing can be independent or in partnership with other financial institutions such as the Business Development Bank of Canada (BDC) or other CFDCs. 

We provide business counselling, access to business consultants and other funding resources to help with business development. Decisions for financing are made by our volunteer Board of Directors.


Types of Loans

Term Loan

Demand Loan
Term loans are repaid over a specified period of time with blended principal and interest payments. Interest rates are fixed during the term of the loan. Generally term loans do not exceed seven years. Interest is applied monthly. Flexible repayment terms are available including seasonal payment plans.  A demand loan may have interest only payments with varying payments of the principal. The loan is reviewed and renewed yearly, with a fixed interest rate for one year. 


Applying for a Loan 

Give us a call 705-457-3555 and we will book an appointment for you to meet with our business counselor in person or by phone.

Typically your first meeting will be about 1 hour.  You'll chat about your business ideas, financial needs and get an idea of how we may be able to assist you in achieving your business goals. Some preparation for your meeting is excellent, but not necessary.

To apply for a loan with HCDC you will need to complete a loan application, personal net worth statement and cash flow projection. You can find these documents below

All financing approvals are made at the community level by our Investment Committee. The Investment Committee is comprised of members of our Board of Directors who have a wide range of business experience and knowledge about the local economy.  The Committee meets monthly.

Staff will prepare an offer to finance and necessary loan documentations and then arrange an appointment with you to meet and review the details. 

Even if your loan is not  approved, we are still here to assit you.  We can help with guidance on other options for financing, recommendations for other funding options and our business counselor is available for advice any time.  If you feel you would like to appeal the decision you can resubmit a second application and include additional relevant information directly to the Investment Committee.   If the Investment Committee rejects the second application you  do not have further recourse to appeal.


Loan application documents

Important: Before you start filling in any form be sure to save it to your computer.  If you do not save the form all data will be lost when you close your browser. 

Loan Application

Cash Flow Projection


Other Financing
HCDC is not the only source of financing for local businesses and not-for-profit organizations.  Visit our resources page for other options.