TEMFUND’s Business Start-Up Loan provides eligible clients with up to $500,000 in term-debt financing or equity investment.  A typical Start-Up Loan will be repayable over a 10-year amortization.

The fund is designed to allow for the development of a solid new business venture or start-up, or to assist existing businesses to transfer ownership, without having the new owners being seen as a “brand new business”, like the chartered banks view them.

Applications for the Business Start-Up Loan need to be supported by a “Simple Business Plan with supporting documents” (available on our website under “Forms”), which clearly demonstrates the viability of the business venture.

Individuals interested in this fund are strongly encouraged to have an initial meeting with TEMFUND staff to help ensure that they are fully informed of the documentation required to support their application.