Type of Program:
Production Loan Program offers interest-free loans to help craftspeople purchase materials (and in some cases equipment and building supplies) in the off season, when income is limited.
Comments on Funding:
Funding is in the form of an interest-free loan up to $3,000.
There is a yearly administration fee of $60 for members and $70 for non members that will be deducted from the approved amount of loan (ie. if repayment is over a two year period, fee would be $120 for members and $140 for non members).
Repayment period is up to 12-24 months of loan date. Payment in the form of post dated cheques will be required before any funds will be released.
When It Ends:
The applicant must:
Applicants must submit the completed application form.
Applicants must submit:
- 1the application form;
- 2cash flow statement for the 12 month period in which they expect to use the requested loan.
Leave a Reply