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Community Employment Loan Info Session
March 26, 2015 @ 2:00 pm - 4:00 pmFree
The Ontario Chamber of Commerce, in collaboration with the Hamilton Chamber of Commerce is pleased to invite you to a special information and feedback session on employment led by Social Capital Partners (SCP’s) on Thursday March 26, 2015.
SCP develops new approaches to addressing Canada’s employment challenges. They design and prove new models that benefit both employers and job seekers and collaborate with strategic partners that can have the greatest impact. Specifically SCP has implemented an innovative finance strategy that gives business owners an incentive to hire individuals who are at a disadvantage in finding employment: Community Employment Loan Program.
The Community Employment Loan program facilitates access to subordinated debt financing for entrepreneurs, franchisees and small business owners who commit to hiring workers via community agencies and other employment service providers. The terms of these loans are linked directly to outcomes: for every employee an entrepreneur hires from one of the community partners, the interest rate on the loan decreases. SCP has partnered with RBC to help scale the program. RBC’s involvement is helping provide more employment opportunities across more organizations, geographies and sectors.
If you are interested in learning more about the Community Loans Program and how you may be able to access a loan at decreased interested rate, please join us! To make your reservation, as space is limited, please email Huzaifa Saeed at [email protected]