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First Capital Challenge Announces Business Loan Fund

In partnership with the Kingston Economic Development Corporation and Unity Savings and Credit Union Limited, First Capital Challenge is evolving to better meet the needs of Kingston's entrepreneurs. Instead of a once-a-year competition, First Capital Challenge will become a loan fund to which Kingston businesses can apply any time starting in September 2008. Loans up to $10,000 will be provided to businesses that could not qualify for conventional loans, yet have good opportunities to contribute to the economic development of Kingston.
For details click here.

First Capital Challenge Announces Winners

Read about entrepreneurs following their dreams in Kingston











THE COMPETITION

First Capital Challenge (FCC) is an annual competition for the best plans to start or grow a new business in Kingston, Ontario. If your business is a new startup or under two years old, you are eligible. The competition invites anyone from anywhere to put their ideas to work in exciting new Kingston-based companies.


THE PRIZES

Up to $50,000 in startup loans will be awarded between one or more winners. The loans are interest bearing and repayment based on 1% on sales, where the interest is capped at the amount awarded. All funds repaid will be used to fund prizes, run the competition and support entrepreneurship in future years. See Terms of Award for details.


THE PROCESS
To help ensure your success, we will help connect you with potential sources of mentoring, ideas, contacts and tools. For details of deadlines and events see Competition Schedule.
  • New to business planning? Help is available under Tools and Resources.
  • Need encouragement? Read the stories of other successful Kingston entrepreneurs under Success Stories.
  • Want to enter FCC 2008? Click here.



For a complete list of sponsors, supporters and friends, click here.




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