Investment Fund Committee

This program offers financial support to both new and established businesses through multiple funding mechanisms:

• Direct loans
• Loan guarantees
• Equity investments

Financial Terms and Conditions
The interest rates are benchmarked against those established by the Business Development Bank of Canada. A key feature of this program is its flexible repayment structure, which is specifically designed to maximize the chances of business success.

Eligibility Requirements
To qualify for funding, applicants must meet several criteria:

Geographic Requirements:

• Must reside within the designated catchment area
• Business operations must be conducted within this same area

Banking Status:

• Must have been fully or partially denied funding by a Chartered Bank

Required Documentation:

• A comprehensive business plan
• Three-year cash flow projections
• Historical financial statements covering at least two years of operations
• Current financial statements demonstrating present business status

Governance Structure

The investment decisions are made by a dedicated committee that includes:

• Representatives from the general community
• Board members appointed by the AEDC Board
• A chairperson elected by the committee members

This structure ensures a balanced approach to investment decisions, combining local business knowledge with organizational oversight.