NEW LOAN for Businesses affected by COVID-19
Please see attached letter. We are offering a new loan through the Regional Relief and Recovery Fund (RRRF) and may be able to help your small and medium sized business adversely affected by this crisis if you are ineligible for or have applied and be turned down for funding through CEBA or other special funding.
COVID-19 response to NEW and EXISTING clients
Please view this letter from Ryan Reynard, Executive Director to learn what LOWBIC is offering to assist eligible small and medium sized businesses in our area in this time of crisis.
COVID-19 – Message to our Active Loan Clients
LOWBIC will be suspending both interest and payments beginning March 20, 2020 for the next 2 months for our loan clients. We will continue to review this matter over the next 4-6 weeks with the possibility of extending this specific measure even further.
Clients who do not wish to have interest and payments suspended please email Samantha Smith (email below or click Contact Us) and we will continue regular payments for your specific loan.
We understand that this is not the final answer, but at least will provide short-term relief with regards to your LOWBIC loan and help you address the significant challenges presented by the COVID-19 situation.
LOWBIC’s Business Development component provides business advisory services, individual mentoring, group presentations, workshops, seminars, business plans, banking proposals, and loans.
There are many issues to consider when you are entering a venture. We have the resources on site to assist you or email us with your questions.
Who can use the services?
Any person/persons already residing in the Kenora District, south to Sioux Narrows, north to Redditt, or west to the Manitoba border interested in starting a small business or currently in a small business.
Small Business Counselling and Advisory Services
The first piece of advice we can offer is to come see us at Lake of the Woods Business Incentive Corporation. Our business is to help your business. We have the expertise to assist you with your needs. Our capable staff will meet with you in person to answer your questions and offer solutions to your business challenges. Best of all, this service is offered FREE OF CHARGE!
How To Begin:
- Sam Smith, Business Development & Loans Officer
Phone: (807) 464-1116 | Email: [email protected]