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SOFII

To find out more information about SOFII and how we can assist your business please contact Walter Lehman, Director, SOFII

What is SOFII?

In order to help businesses, accomplish their objectives, SOFII provides support to business owners by offering them repayable loans. Fed Dev Ontario supported WOCFDCA with capital investments in SOFII, as part of the agency’s Prosperity Initiative, originally in 2012 and subsequently in 2014 and 2019.

The SOFII program supports high-growth, innovative Small and Medium-sized Enterprises (SMEs) in rural and urban communities by offering loans of $150,000 to $500,000 (additional funding is available on an exception basis) to support all aspects of growth challenges facing them. The loans are intended to help finance:

  • Late-stage commercialization.
  • New product or service development.
  • New applications or markets; or
  • Development or implementation of new processes or technologies.

Eligible businesses will be situated in the geographic area described as Southwestern Ontario. Both urban and rural centres are serviced by SOFII.

The West Region (WOCFDCA) will service the following areas as outlined in the census divisions: Brant, Bruce, Chatham-Kent, Dufferin, Elgin, Essex, Grey, Haldimand-Norfolk, Halton, Hamilton, Huron, Lambton, Middlesex, Niagara, Oxford, Peel, Perth, Simcoe, Waterloo, and Wellington.

Programs

Repayable Financing
Repayable financing at competitive interest rates determined through a risk assessment will be made available to qualified businesses. There are no fees to apply for financing from the SOFII. The only expenses are for the preparation of legal documentation of the loan and the registration and discharge of security where applicable.

Risk Based Interest Rates
Loans from $150K to $500K (additional funding is available on an exception basis)
Loan Term up to 5 Years
Amortization up to 10 Years
No Application Fees
No Prepayment Penalties
Non-Dilutive

Eligible Organizations

Eligible applicants are private sector innovative SMEs located in South Western Ontario who are engaged in projects that will result in the adaptation and adoption of new technologies, projects, processes or markets. Eligible organizations will:

  • Employ 50 to 500 employees or identify that there is a strong likelihood that they will reach 50 employees within a three-year period.
  • Be unable to obtain adequate and reasonable financing from other lending sources
  • Operate in Southern Ontario
  • Demonstrate job creation/retention for Southern Ontario residents
  • Be suitable for public funding
  • Establish a reasonable expectation of economic viability
  • Demonstrate the ability to repay funds advanced by Community Futures Western Ontario Development Corporation Association
  • Have secured the required matching funding through private investment, financial or equity partnerships or working capital.
  • Provide evidence of their ability or experience to operate the business
  • Be generating revenue

Ineligible Organizations

  • Federal and provincial government departments (eg: agencies, boards, corporations, and commissions)
  • Post-secondary institutions (eg; colleges, polytechnic institutes, universities and teaching institutions)
  • Not-for-Profit corporations, and
  • Municipal governments

Statement of Interest

Fill out our Statement of Interest

Meet the Team

Walter Lehman  Director, SOFII
walterl@wocfdca.com

Rebecca Griffith, Loans Analyst, SOFII
rebeccag@wocfdca.com

Jerry Makahon, Loans Officer, SOFII
jerry@wocfdca.com

SOFII Approved Projects

ApplicantLocationLoan AmountDate Closed
TritonWear 2Toronto$160,00031-May-22
2G RoboticsWaterloo$500,00030-Apr-18
Accelerated Systems Inc.Waterloo$500,00031-Dec-14
Ace Age Inc.Waterloo$500,00031-Mar-20
AckrooGrimsby$500,0001-Mar-19
AOMS TechnologiesMississauga$230,00028-Apr-22
AOMS TechnologiesMississauga$500,00027-Sep-18
Applied RecognitionOakville$500,00028-Jun-19
Axonify Inc.Waterloo$500,0001-May-14
BlueroverCambridge$500,0009-Aug-17
BridgitKitchener$500,0001-Nov-17
Chalk.comKitchener$500,00014-Dec-17
Chalk.com 2Kitchener$185,00029-Jun-21
Coreworx Inc.Kitchener$500,0001-Aug-15
Datec Coating CorporationMississauga$500,0001-Feb-14
Davidson EnvironmentalSt. Catharines$250,00028-Jan-20
Dejero LabsWaterloo$500,0001-Sep-14
Demand MetricLondon$500,00029-Mar-19
Earth to KidsCollingwood$500,00029-Mar-19
Earth to Kids 2Collingwood$50,00011-Dec-20
Eleven-xWaterloo$500,00016-May-17
Eleven-X 2Waterloo$252,00022-Jan-21
Enhanced Medical NutritionHamilton$400,0001-Dec-22
Fortes EPS Solutions Inc.Midland$500,00021-Feb-13
FunnelCake Inc.Kitchener$500,00023-Aug-18
GainXKitchener$500,0001-Aug-18
GVA Lighting Inc.Mississauga$500,0001-May-14
GVA Lighting Inc. 2Mississauga$1,000,00030-Mar-20
Hamilton Technology CentreDundas$500,00020-Feb-19
HRWARE Inc.Brampton$500,00031-Jan-17
In the ChatWaterloo$500,00030-Jun-16
Intellijoint SurgicalWaterloo$500,00031-Mar-15
Intellijoint Surgical 2Waterloo$865,00021-Jun-19
Jakeman'sBrantford$300,00031-Jul-15
JamstackBrampton$500,00016-Sep-20
JEM StrappingBrantford$250,0001-Nov-14
JEM Strapping 2Brantford$200,00030-Nov-15
JJK Print Inc.Leamington$350,00018-Oct-19
JobAdXMississauga$500,00024-Dec-19
Link2FeedSarnia$500,0001-Jul-14
LoanConnectLondon$400,00026-Feb-21
Miovision Technologies Inc.Kitchener$500,0001-Jan-14
Nicoya LifesciencesKitchener$500,00031-Aug-16
Nix SensorHamilton$500,00030-Jun-17
Nix Sensor 2Hamilton$260,0009-Sep-20
Novanni StainlessColdwater$500,0004-Mar-13
Ocean Wave ImportsMississauga$500,00029-Oct-19
Ontario Grain ProductsDesboro$400,0001-Oct-14
Palette GearKitchener$500,00013-Jul-17
Palette Gear 2Kitchener$250,00026-Sep-20
Pavaco Products Inc.Brantford$500,0001-Sep-14
Plum.ioWaterloo$500,00031-Jan-17
Powernoodle Inc.Stratford$500,00029-Apr-19
Prolucid Technologies Inc.Mississauga$500,00031-Dec-17
Pro-NavigatorKitchener$500,00029-Mar-19
PyrowaveOakville$500,00031-Mar-15
R.E. Morrison EquipmentMississauga$450,00026-Jun-20
Ramp Inc.Waterloo$500,00025-Mar-15
Root CellarKitchener$500,00030-Sep-16
SceneDoc Inc.Mississauga$500,00031-Dec-14
SceneDoc Inc. 2Mississauga$325,00024-Oct-18
Sensor SuiteMississauga$500,0004-Jul-18
Sensor Suite 2Mississauga$150,00015-Dec-20
Sera4Waterloo$500,00019-Jun-18
Signifi Solutions Inc.Mississauga$500,0001-Nov-14
Smart Energy InstrumentsOakville$500,00030-Apr-15
Stromecore Energy Inc.Mississauga$500,00030-Apr-21
Swift Labs 1Kitchener$250,0001-Nov-19
Terepac CorporationWaterloo$500,0001-Dec-14
TeTechS IncWaterloo$500,00018-Nov-15
TritonWearToronto$500,00018-Dec-15
TritonWear 2Toronto$250,00026-Jun-19
Ubiquilux CorpEast Caledon$500,00026-Jun-19
VideoCommBurlington$500,00030-Aug-18
Vital ImageryBrussels$350,00016-Apr-18
Voices.comLondon$500,00021-Dec-12
Weever AppsHamilton$250,0001-Jun-14
Weever Apps 2Hamilton$250,00030-Nov-15
Weever Apps 3Hamilton$225,0003-Oct-18
Weever Apps 4Hamilton$400,00029-Jan-20

CF Western Ontario/SOFII Follow

Offering business services & financing to small and medium sized businesses in Southwestern ON through our Community Futures Development Corporation members.

CFWOntario
CF Western Ontario/SOFII @cfwontario ·
22 Sep

We are back! Click below for episode 11 of What Keeps You Up at Night - The Life of an Entrepreneur.

@ShaunaRae67 chats with Ashley McFayden about what being a female entrepreneur means to her and the obstacles she faced along the way.

⬇️⬇️
https://bit.ly/3t7gais

Reply on Twitter 1705294762083856850 Retweet on Twitter 1705294762083856850 1 Like on Twitter 1705294762083856850 1 Twitter 1705294762083856850
CF Western Ontario/SOFII @cfwontario ·
22 Sep

Nous sommes de retour! Cliquez ci-dessous pour l’épisode 11 de What Keeps You Up at Night - The Life of an Entrepreneur.

@ShaunaRae67 discute avec Ashley McFayden de ce que signifie pour elle le fait d’être une femme entrepreneure.

⬇️⬇️
https://bit.ly/3t7gais

Reply on Twitter 1705294745067495678 Retweet on Twitter 1705294745067495678 Like on Twitter 1705294745067495678 Twitter 1705294745067495678
CF Western Ontario/SOFII @cfwontario ·
22 Sep

Announcement:
Due to Technical Difficulties, yesterdays episode 11 of What Keeps You Up at Night - The Life of an Entrepreneur was not aired.

Stay tuned today at 3:00PM sharp for episode 11, featuring Ashley McFayden owner of Taiden's Treehouse, located in Midland Ontario.

Reply on Twitter 1705269049221910928 Retweet on Twitter 1705269049221910928 Like on Twitter 1705269049221910928 Twitter 1705269049221910928
CF Western Ontario/SOFII @cfwontario ·
21 Sep

Community Futures Western Ontario is excited for @_BryanMay, MP and his new role as Parliamentary Secretary to the Minister responsible for the Federal Economic Development Agency for Southern Ontario!
We look forward to meeting some day soon.

@FedDevOntario @ComFuturesON https://twitter.com/FedDevOntario/status/1704903400666661358

Reply on Twitter 1704914161598157213 Retweet on Twitter 1704914161598157213 Like on Twitter 1704914161598157213 1 Twitter 1704914161598157213
CF Western Ontario/SOFII @cfwontario ·
21 Sep

Southern Ontario is thrilled to have someone as dedicated as Minister @FilomenaTassi. On behalf of the Community Futures Program in Western Ontario we want to thank you for all your support for the future on Southern Ontario and the businesses that keep us strong. @FedDevOntario

Reply on Twitter 1704850705633186043 Retweet on Twitter 1704850705633186043 Like on Twitter 1704850705633186043 1 Twitter 1704850705633186043

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Operating as Community Futures Western Ontario (CFWO)

103 Inverness Street,
Caledonia, ON N3W 1B1

(519) 752-0381

Southern Ontario Fund for Investment in Innovation (SOFII)

103 Inverness Street,
Caledonia, ON N3W 1B1

(519) 752-0381

This project is funded by the Government of Canada through the Federal Economic Development Agency for Southern Ontario.

Ce projet est financé par le gouvernement du Canada à travers l’Agence fédérale de développement économique pour le Sud de l’Ontario.

Copyright © CFWO | Website Design By Cowlick Studios

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