Ottawa Community Loan Fund

About Ottawa Community Loan Fund Loans

OCLF loans start at at $1,000 and go up to a maximum $15,000 with interest rates that range from 3-7% above the current prime rate. Loan repayment terms range from 12 to 48 months.

OCLF loan proceeds may be used to start or expand a business and can be used for a number of purposes including:

Working capital
Seed capital to start a business
Purchasing fixed assets

Fees to Borrowers

OCLF/CYBF Application Fee - $10.00

OCLF Due Diligence Fee (paid upon approval)

A one-time due diligence fee is charged on all new OCLF loans.

• $1000-$5000=$250;
• $5001-$10000=$350;
• $10001-$15000=$500

* extra charges for funds secured through a commercial lending partner may apply

Canadian Youth Business Foundation (CYBF)

Are you a young entrepreneur between the ages of 18 and 34?

If yes, you may be eligible to apply for a youth loan offered through the Canadian Youth Business Foundation (CYBF) . The Ottawa Community Loan Fund is the delivery partner for CYBF loans in the Ottawa area. For more information on eligibility and the review process for CYBF loans, please visit the Canadian Youth Business Foundation website at www.cybf.ca or contact the Ottawa Community Loan Fund.