Loans & Financing

The Social Impact Fund has expanded the financial tools available to LCF, ensuring that we can be flexible to the needs of each applicant. In addition to providing traditional loans, the Social Impact Fund can provide support through various other financial instruments, including lines of credit, letters of guarantee, mortgages or even an equity investment if the project is a good fit.

Read more about our Social Impact Fund →

Do you have a business or a project that will benefit the community? Interested in flexible financing or accessing a loan? Please contact Vijay Venkatesan.

Construction group photo.jpg

Project Portfolio

 
 
DSC_0736.jpg

Honest Lawyer - 228 Dundas Project

The historic downtown Honest Lawyer building will be converted into an affordable apartment building with commercial space on the ground floor.

Loan:

$500k

Estimated Return:

$80k

Impact:

30 affordable housing units


Woodfield Gate - 356 Dundas Project

LCF’s first fully repaid loan, Woodfield Gate is a six-story sustainably-sourced apartment building located in the pedestrian-friendly downtown core of London. The building will include units for individuals overcoming mental health challenges with help from the Canadian Mental Health Association.

Loan:

$2.5m

Estimated Return:

$67k

Impact:

60+ affordable housing units

exterior.jpg

Ortona.jpg

Residenza Ortona (Phase 1)

The Italian Seniors Project’s second affordable housing development will welcome individuals and families of all ages, including 10 units reversed for veterans.

Read more→

Loan:

$500k

Estimated Return:

$41k

impact:

60 affordable housing units


Growing Chefs

London Community Foundation provided it’s first line of credit guarantee to Growing Chefs to support their plans for expansion. The line of credit is an alternative low-risk option that provides the organization with flexibility and a financial cushion, should they require it.

Line of credit:

$50k

Impact:

Kids excited about healthy food!

Growing Chefs 3.png

SarahAskew.jpg

Mensadora/Rebel Rags

Mensadora is a social enterprise that manufactures and sells reusable menstrual products that last up to seven years and are made from a combination of fabrics and absorbent materials that are chemical free, machine washable, and biodegradable. For every pad sold, another is donated to the community.

Read more→

Loan:

$69k

estimated return:

N/A

Impact:

Ending period poverty and reducing consumption


Evergreen

Evergreen is redeveloping the 53,000 square foot Kilns Building at the Brick Works site into the Future Cities Centre in Toronto. The Centre will be a physical hub for the activities of the Future Cities Network, harnessing the power of collective actions to build capacity and scale solutions across the country.

Loan:

$250k

Estimated return:

$140k

Impact:

Connecting communities

Evergreen.jpg