Frontenac Business Services takes pride in its long history of working with small business clients to help them successfully start and grow their business.
We encourage loan applicants to have a strong business plan and in reviewing the plan, we are looking for the business to have the potential to produce results in at least one of the three areas – potential to create employment, improve business profitability, and/or tackle a community issue (ex. food desert). If the applicant is unsuccessful in their request for financing, we encourage applicants to revisit their business plan to make suggested changes.
Declined loans are immediately discussed with the client by phone. If a client wishes to formally appeal a loan decision, then information is provided on how to proceed. Applicants have the option to re-apply for financing with a new and improved application package. This will be considered a new application. All appeals must be made in writing or by email to the Executive Director (ED) anne@frontenacbusiness.ca
If the second application is declined, the applicant does not have further recourse to appeal.