Investment Fund CommitteeAtikokan Economic Development Corporation
What we do
Provide investment in new and/or existing business. Investment can be in the form of a loan, loan guarantee or equity investment. Interest rates follow those set by the Business Development Bank of Canada and terms and repayment are flexible to allow every opportunity for the business to succeed. Eligibility requirements are that the client(s) must reside and carry on business in our catchment area, be totally or partially turned down by a Chartered Bank, provide the committee with a three year cash flow forecast and business plan, with at least two years of actual financial statements and up to date current statements.
The committee is comprised of members from the community at large and Board members appointed by the AEDC Board. The committee elects the chair.