Business lender allows more flexibility, more risk

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Thunder Bay Ventures is funded by the Federal Economic Development Agency for Northern Ontario (FedNor) and operates under four pillars.

THUNDER BAY — Obtaining loans, for some entrepreneurs, can be the best way to start businesses, and there are many options for them to finance the lending.

"We differ from traditional lenders as we can offer payment flexibility without penalties and can also take on more risk," she said. "Through business counselling, we take calls and walk-ins on business inquires and also make referrals to our partners," Vidotto explained.The third pillar, community strategic planning, involves extracting vital opinions and goals from board and committee members and then developing a logical road map for the organization to follow in the coming years.

Vidotto said new businesses are a vital part of Northwestern Ontario's economic growth and well-being.

 

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