Tecumseh: Loan Program
Tecumseh offers loans to start or expand a business in Southern Ontario First Nations communities. You can apply for a micro-loan under $5,000 or a macro-loan above $5,000. This is a loan, and you must repay it with interest.
Before you spend any money
Approval must come before spending; allow at least 45 business days for loans over $5,000 after submission.
At a glance
Subject to program rules, available funding, and approval. Confirm current details with the official program administrator.
Is this for you?
- You operate within the Tecumseh Community Development Corporation service area in Southern Ontario First Nations communities.
- You need funding for start-up costs, business expansion, or asset purchases like equipment and inventory.
- You can provide a solid business plan and, for loans over $5,000, you have collateral or assets to secure the loan.
Probably not the right fit if
- You are located outside the TCDC service area in Southern Ontario First Nations communities.
- You cannot provide personal financial information, assets, liabilities, net worth, or a viable business plan.
How much you'd realistically get
Micro-loans for amounts under $5,000 or macro-loans for amounts above $5,000.
What may be supported
- Establishment of new businesses.
- Expansion, modernization, or acquisition of existing businesses.
- Purchase of assets such as land, buildings, equipment, and inventory.
- Start-up costs including leasehold improvements, insurance, grand openings, supplies, and utility hook-up fees.
- Community development programs for not-for-profit organizations.
What's excluded or restricted
- The application asks whether you have declared bankruptcy and whether you already have loans from banks or government organizations. Ask TCDC how these affect your application.
How applying works
Effort: moderateYou must complete a detailed application including personal financials, a business plan, and potentially an accountant-prepared projected income statement.
- 01Download the appropriate application form: 'Loan Program under $5000' or 'Loan Program above $5000' from the TCDC website.
- 02Complete the application with personal information, business details, financial statements, and a project description.
- 03Prepare a business plan and, if required, have an accountant complete the Projected Income Statement.
- 04For loans over $5,000, prepare photographs of all collateral items and written quotes for all costs if building or acquiring land/building.
- 05Submit the completed application to the Tecumseh Community Development Corporation.
- 06Wait for approval before spending any funds; allow at least 45 business days for macro-loans.
Who to ask: +1 888 433 1533
Documents commonly required
- Completed application form (Micro or Macro).
- Personal financial information including assets, liabilities, and net worth.
- Business plan or project description.
- Financial statements and potentially an accountant-prepared Projected Income Statement.
- For loans over $5,000: photographs of collateral and written quotes for construction/acquisition costs.
What to know before you count on it
- This is a loan, not a grant, so you must repay the principal plus interest.
- Loans over $5,000 require collateral or security assets.
- You must demonstrate viability through a detailed business plan and financial projections.
- The official page does not list interest rates, repayment terms or loan length. Ask the Tecumseh Community Development Corporation before you apply.
What are your odds?
Approval depends on showing that your business can succeed.
Frequently asked questions
Is this money free?
No, this is a loan program. You must repay the funds. The official page does not list interest rates or repayment terms. Ask TCDC before you apply.
Do I need collateral?
Yes, for loans over $5,000, you must provide collateral or security assets. The official page does not say whether micro-loans under $5,000 need collateral. Ask TCDC before you apply.
Can I apply if I have other loans?
Other loans from banks or government organizations may affect your application. Ask TCDC how they are treated.
How long does approval take?
For loans over $5,000, allow at least 45 business days from the date the application is completed, signed, and submitted.
What you can combine it with
Your total project costs must equal your total project financing, so you may need to combine this loan with your own money or other funding.
Get alerted when this changes
Programs open and close, budgets run out, rules change. We send one short email when something changes that matters for this program.
Page last updated ; status and deadline checked . Source: official program page.