CEEFC is responsible for receiving applications, assessing the requests against the eligibility criteria and terms approved by the Minister of Finance, and entering into, and funding transactions, in accordance with such terms. For more details on the programme please see LEEFF Overview.
CEEFC is led by a President & CEO who reports to the CEEFC Board of Directors who have overall responsibility for the corporation including the approval and management of loans. CEEFC is funded through preferred shares issued to the federal government.
CEEFC’s financial results are included in the consolidated financial statements of CDEV at www.cdev.gc.ca. As at the quarter ended June 30, 2020 no loans have been issued to borrowers. CEEFC has received several loan applications and is in the process of evaluating these requests.