A pair of local organizations have teamed up to help support local businesses.
Calling it a first-of-its-kind partnership, the Chatham-Kent Chamber of Commerce is joining forces with Community Futures CK to launch a financing program.
Through the Rural Community Growth & Investment Loan Program, Chamber members can access to flexible financing from $5,000 to $20,000 to support expansion, inventory, equipment, and start-up needs.
The program features an interest rate at bank prime plus 2%, designed to reflect today’s economic realities where cash flow is critical and access to manageable financing can determine whether a business can act on opportunity.
“As a community focused organization with rural economic support as our focus, this strategic partnership with the Chatham-Kent Chamber of Commerce illustrates our commitment to bring new investment to the business community to help create resiliency and a growth mindset within Chatham-Kent.” said David Argenti, Executive Director of Community Futures CK in a news release.
“This partnership is about unlocking opportunity,” added Sarah Molnar, Chair of the Chamber Board. “It demonstrates that membership delivers real, measurable value.”
Officials say as businesses grow, they create jobs, strengthen main streets, and reinvest in the community.
Businesses must be an active or new member of the Chatham-Kent Chamber of Commerce and apply through Community Futures CK.