In order to help businesses, accomplish their objectives, SOFII provides support to business owners by offering them repayable loans. Fed Dev Ontario supported WOCFDCA with capital investments in SOFII, as part of the agency’s Prosperity Initiative, originally in 2012 and subsequently in 2014 and 2019.
Many businesses and business owners throughout the region struggle to obtain traditional forms of funding to further the growth of their business. However, the SOFII program makes loans possible when other forms of commercial borrowing may be unavailable to them. Business owners who are interested in obtaining a loan through the SOFII program can contact the WOCFDCA office for further details and eligibility requirements.
David Penton, Director
Richard Irwin Portfolio Administration
519-752-0381 ext. 1