Loans up to $150,000 can be made to new or existing businesses in Oxford County. OSBSC's role is that of a complementary lender. We specialize in providing loans to businesses that have been unable to secure traditional financing under reasonable terms or conditions, or in supplementing financing where the amount provided by a traditional lender is insufficient. OSBSC will consider taking a subordinated security position.

Ability to repay the loan

Adequate security (which could include
both business and personal assets)

Capability to operate and manage the
business

Good credit history

Commitment to the business in the form
of an owner's equity contribution

Job opportunities

Interest rates are the higher of prime or our base rate. An application fee of .5% is due upon loan approval. Repayment terms are very flexible and are negotiated in the best interest of the business. All loans are open for prepayment without penalty.

For more information, or to see whether your business qualifies for financing contact:

Richard Fanning
519.425.0401
loans@osbsc.on.ca