Financing option for SMEs. (Around the North).Small- and medium-sized businesses (SMEs) in Northern Ontario Northern Ontario is the part of the province of Ontario which lies north of Lake Huron (including Georgian Bay), the French River and Lake Nipissing. Northern Ontario has a land area of 802,000 km² (310,000 mi²) and constitutes 87% of the land area of Ontario, although it now have access to a new capital fund to help them offset high-risk investments. Under a negotiated agreement between FedNor and the Business Development Bank of Canada The Business Development Bank of Canada is a crown corporation financial institution wholly owned by the Government of Canada. BDC plays a leadership role in delivering financial and consulting services to Canadian small business, with a particular focus on technology and exporting. (BDC (Backup Domain Controller) In a Windows NT server, a copy of the Primary Domain Controller (PDC). The BDC is periodically synchronized with the PDC. See PDC. BDC - Backup Domain Controller ), FedNor will create a loan loss reserve fund of up to $15 million over three years. FedNor will commit up to $3 million towards the reserve. With the two organizations working together, it will allow the BDC to provide greater increase in higher-risk loans for SMEs to finance projects with a focus on business and market expansion and diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. . |
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