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The WOCFDCA launched the Western Ontario Rural Capital Pool (WORC Pool) on March 31, 2016.

The objectives of the WORC Pool are to support the participating CFDCs in their need for access to capital for their clients, to enhance lending to small businesses in the Region, and to support other business retention and expansion activities that align with regional diversification and industry cluster development plans.

The WORC Pool was supported by a $3.2-million contribution by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). The federal contribution was made through the Investing in Regional Diversification (IRD) initiative which is aimed at supporting the long-term development of stronger, more diverse economies in southern Ontario communities. IRD leverages unique regional assets and local expertise to attract new investment and opportunities for economic growth and development.


 Key Objectives


  • Facilitate flow of cash across the Region by matching Investment Fund cash with lending demand.
  • Attract additional capital
  • Key objectives (4) of the WORC Pool are to support CFDC lending opportunities that include:
    1. Succession planning
    2. New market and product improvement
    3. Productivity improvements
    4. Diversification activities supporting business and employment growth



  • 5-10 Borrowing CFDCs
  • 15-20 SME business supported with CFDC loans
  • Jobs created – Permanent: 35, Temporary: 10, Maintained: 65



  • Participation is voluntary
  • Loans negotiated between Borrowing CFDCs and the SME are the sole responsibility of the Borrowing CFDC.
  • SME loans made with Pool funds must align with any of (4) key objectives.
  • Minimum contribution: $25,000 / Maximum loan available: $700,000
  • Borrowers enter into a loan agreement for the maximum and draw based on SME loans that meet WORC Pool objectives.



  • Minimum contribution of $25,000
  • Interest earned at a rate not less than Libro Credit Union prime rate minus 1%



  • Maximum available to borrow: $700,000
  • Eligible borrowers are CFDCs with IF cash balance of <$1.0M
  • Floating interest rate is based on  Libro Credit Union prime rate (2.7% at May/2016)
  • Two (2) year term, renewing until September 30, 2023.
  • Repayments of blended P&I based on seven (7) year amortization.
  • Non-eligble CFDCs (with IF cash > $1.0M) may bring a SME loan request to the WORC Pool on a case-by-case basis for a loan that is between $250,000 and $350,000


Application Forms

CFDC members can login to download application forms:  LOGIN > Board Documents > Change Folder > WORC Pool > WORC Pool Documents-Forms (2016).