What happens if my proposal is approved?


If SEF has decided to make a loan, the client will receive an offer letter. The letter includes the basic terms of the loan, such as the interest rate we are offering, along with proposed securities.

Once that letter has been signed and returned to SEF, a financing agreement and security documents will be prepared by SEF’s lawyers, who will send them to the client’s lawyers to arrange with the client for signature.  When all the documentation is in place, funds will be released according to our agreed disbursement schedule.

Legal fees

SEF does not charge application, administration or change fees, but clients are responsible for the initial legal costs SEF incurs to prepare and register the security documents.  These fees will either be subtracted from the first disbursement of funds, or invoiced at a later date.

Do we need a lawyer?

It’s not a requirement by SEF, but it is probably a good idea.  You will be considering substantive legal documents, perhaps more complicated than any you have encountered before, and that you may be committing your organization to live with for years to come.

If you decide not to use a lawyer, SEF can arrange for our clients’  final document signing to be handled by our lawyer, who will ensure that all necessary copies and affidavits are correctly prepared.  Please contact our executive director for details.



Edmonton social enterprise seeks General Manager

FIND is a unique retail social enterprise of Homeward Trust, playing an important role in their mission to end homelessness in Edmonton.  The search is now on for a new General Manager for FIND, and you can find the details here.  

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New look, new stories

Our latest edition of Portfolio sports a whole new look, as SEF updates our brand after ten years.  Take a look and find out more about the great work being done by our clients across Alberta.   And stay tuned for a whole new website very soon!   SEF_Portfolio_SUMMER2018-14934-pages-F (3)

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ECDC starts the journey – Welcome Mark Holmgren!

January 2018 marks the start of a new phase for the Edmonton Community Development Company with the start of the organization’s new executive director, Mark Holmgren. “We couldn’t have asked for a more qualified candidate to fill this challenging role in an organization that is working to revolutionize approaches to mitigating poverty in Edmonton,” Martin […]

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Inspire, Learn, Connect...

Are you intrigued by the idea of social enterprise? Wondering if it might work for you? Then we've got the workshop just for you.

SEF is like "like Dragons' Den, but for good." Basically, we can provide patient capital to make social enterprise a reality.

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