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.



Another year of community impact!

2017 promises to be a great year for social entrepreneurs in Alberta.  Take a look at SEF’s current clients in the latest edition of Portfolio, which you will find in The Library.  

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A few simple basics

There are a number of ideas I find myself returning to over and over again in my work with SEF’s clients – a few simple basics that may help in your thinking about working in the world of social enterprise. Income must be bigger than outgo, or you don’t get to play. No matter what […]

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Psst…want to know a secret?

Just over a year ago, I was asked to speak on the topic “The Secret of Financing for Social Entrepreneurs.”  I recently came across the notes for that talk, and realized they’re still relevant – and thought I should share them here. If you have ever tried to launch any kind of enterprise or business, […]

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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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