How to Use the Linked Deposit Loan (LiDL) Subsidy
These are the steps to follow if you are a business owner or potential business owner seeking financing:
- Make an appointment with a lender
- Complete the Linked Deposit Loan (LiDL) Subsidy application jointly with your lender.
- Additional documentation your lender will need to complete the application package:
- resumes of all owners and other key management personnel; and
- project documentation; i.e., Offer-to-Purchase, bids or cost estimates, business purchase agreement.
- Have your lender send the application package to WHEDA for review.
- You can expect to receive a decision within one (1) business day of the day we receive your complete LiDL application package.
- Close your loan.