The Toronto Jewish Free Loan Cassa has been loaning money, interest free, to small business applicants since 1924.
We are looking to raise money for the sole purpose of investing the funds and holding them as security for clients unable to find guarantors for their business loans (Angel Guarantors), as all of our business loans require 3 guarantors.
We believe this money can be leveraged two or three times the amount in the fund as our default rate is less than 1%.
We are also looking to fund the development of some online business tools to assist clients with their business endeavors.
Finally we are looking to have some of the investors act as mentors or a sounding board to these new and inexperienced business clients.