CO-OPERATIVE LENDING
AND EQUITY INVESTMENT

WHAT WE DO

CCIF is an innovative fund that strengthens Canadian communities by filling a financing gap for co-operatives. CCIF can partner with financial institutions or provide standalone financing to co-operatives in a wide variety of sectors.

ABOUT

  • CCIF invests in the co-operative sector in the form of loans, equity and quasi equity investments. We primarily focus on supporting the growth of existing co-ops. We also support the conversion of traditional businesses into co-ops and start-up financing for new co-ops.
  • We invest in co-operatives that are committed to making a difference in their communities.
  • Our loans are flexible and tailored to your specific co-operative development stage.
  • We draw on extensive experience to structure financing opportunities that are customized to our borrowers’ needs.
  • We aim to provide co-operatives with the financial tools they need to serve their communities.
CCIF invests in co-operative enterprise in many ways:
  • Loans: bridge loans, cash flow, equipment, mortgages, operating capital
  • Equity: share capital
  • Quasi Equity: deferred principle, graduated interest
  • Loans to support the share-purchase acquisition for the transfer of enterprises into co-operative ownership

CCIF does not invest in financial institutions or credit unions.

CCIF invests in co-operative enterprise in many ways:
  • Loans: bridge loans, cash flow, equipment, mortgages, operating capital
  • Equity: share capital
  • Quasi Equity: deferred principle, graduated interest
  • Loans to support the share-purchase acquisition for the transfer of enterprises into co-operative ownership

CCIF does not invest in financial institutions or credit unions.

APPLICATION PROCESS

Working with the Canadian Co-operative Investment Fund is seamless and user-friendly. Here is a summary of how the process works:

Talk to us about your financing needs. Email or call us today!

Fill out and email us Part 1 of the Application Form

We will schedule a 1-on-1 meeting to discuss your financing options and next steps

WHERE WE INVEST

We lend to and invest in co-operatives that are making a difference in their communities across Canada.
Our borrowers and investees include co-operatives in a wide range of sectors such as housing, renewable energy, agriculture, food and beverage and telecommunications.
“I found the loan process straightforward and clear-cut. Working with the team at the Canadian Co-operative Investment Fund and the Community Forward Fund was a great experience. We appreciate their assistance and their collaborative approach. We really feel we have partners in our endeavour and not simply a lender.”
Lloyd Stevenson, President, Four Feathers Housing Co-operative

PORTFOLIO

Four Feathers Housing Co-operative

London, ON

Our work with Four Feathers’ Housing Co-operative facilitated the creation of 33 new affordable housing units for Indigenous community members of southern Ontario.

  • Target Community: Indigenous peoples
  • Sector: Housing

Early in 2012 Lloyd Stevenson, president of the Four Feathers Housing Cooperative board, discovered that due to a number of unforeseen circumstances, Four Feathers needed a second mortgage for their building in London, Ontario.

Mr. Stevenson looked into a number of possibilities but the rate of interest for second mortgages was prohibitively high.  He checked in with Tim Welsh Consulting of London, Ontario and, after some research, they were pleased to discover the Community Forward Fund.  They contacted CFF and started the loan application process. The loan with Community Forward Fund was assigned over to the Canadian Co-operative Investment Fund in 2018.

Mr. Stevenson stated, “I found the loan process straightforward and clear-cut. Working with the team at the Community Forward Fund was a great experience.
We appreciate their assistance and their collaborative approach. We really feel we
have partners in our endeavour and not simply a lender.”

Nora Sobolov, former CEO of the Community Forward Fund, noted, “We are pleased to support Four Feathers Housing Cooperative which will provide more affordable housing to the aboriginal community in southern Ontario.”

Four Feathers has a total of 33 units that provide affordable housing to aboriginal peoples in the region, supplementing a similar cooperative just two blocks away.

Four Feathers Housing Cooperative was move-in ready in the fall of 2013 and was aiming for 100% occupancy by November 2013. The loan with Community Forward Fund was assigned over to the Canadian Co-operative Investment Fund in 2018.

Sudbury Downtown Independent Cinema Co-operative

Sudbury, ON

Our work with Sudbury Downtown Independent Cinema Co-operative helped the co-op to bridge its capital campaign funding to retrofit an empty gymnasium into a state-of-the-art digital cinema.

  • Target Community: Sudbury community and filmmakers
  • Sector: Arts

The Sudbury Downtown Independent Cinema Co-operative (Sudbury Cinema Co-op) was established in 2014 and aims to become Northern Ontario’s first cinema dedicated to festival-quality programming year-round. The co-op supports local filmmakers through screening their films and making the cinema available for post-production activities after hours; it engages the community by bringing in world-class cinema that would otherwise by-pass Sudbury and hosting out of town filmmakers to interact with the community and engage the next generation of Northern filmmakers.

The Sudbury Cinema Co-op recently secured an empty gymnasium and is retrofitting it into a state-of-the-art digital cinema with 180 seats. The Co-op held a successful capital campaign to raise funds for the retrofitting project but fell short of the amount of funding it needed.

The impact of having its own space dedicated to independent film means that Sudbury will now have access to the best in world cinema on a year-round basis. It also allows the Co-op to expand the number of film festivals and film series to help give voice and visibility to under-represented perspectives on the big screen. Sudbury Cinema Co-op will be launching #SamediCinema and #FirstPeoplesThursdays to support the work of francophone and Indigenous filmmakers, which, in turn, strengthens those communities. The new cinema will be a community space where instead of disappearing into a movie theatre, patrons will be engaged and part of discussions and a social component to the screenings, which could have an impact on social isolation. In addition, as many arts organizers and groups do not have affordable space for public performances or presentations, the cinema will serve as a new and accessible multi-arts purpose venue.

Four Feathers has a total of 33 units that provide affordable housing to aboriginal peoples in the region, supplementing a similar cooperative just two blocks away.

Four Feathers Housing Cooperative was move-in ready in the fall of 2013 and was aiming for 100% occupancy by November 2013. The loan with Community Forward Fund was assigned over to the Canadian Co-operative Investment Fund in 2018.

Sumac Community Worker Co-operative

Guelph, ON

Our work with Sumac Community Worker Co-operative helped the co-op to refinance its loans and improve its financial capacity to allow for future growth planning.

  • Target Community: Guelph community and surrounding areas
  • Sector: Food & beverage

The Sumac Community Worker Co-op wholly owns Planet Bean, a 100% organic and fair-trade coffee roaster that was established in 1997. The co-op has three coffee retail shops and also sells its coffee wholesale to over 200 commercial customers in Southern Ontario.

Sumac was looking to refinance three of its outstanding loans that were held with a traditional financial institution. They hoped to secure a fixed rate term loan in order to free up monthly cashflow and improve their financial and growth capacity.

CCIF was able to refinance Sumac’s debt with flexible and affordable terms to allow it to improve its monthly cashflows and start planning for future growth.

With its debt refinanced, Sumac plans to look into future growth opportunities, including the purchase of its own warehouse.

Get in touch to learn more