LAMBAC is a Community Futures Development Corporation (CFDC) sponsored by FedNor, created to support small and medium-sized business and community economic development. LAMBAC supports businesses through small business loans and resources. The organization administers local investment funds to help finance new or existing small and medium sized business and social enterprises for start-up, expansion or stabilization that will maintain or create jobs.

LAMBAC or the LaCloche Manitoulin Business Assistance Corporation, is a Community Futures Development Corporation, funded by FedNor with a mandate to provide business resources to support business development, distribute small business loans, and support community economic development in our region. 

LAMBAC serves businesses in the area from Walford through to Nairn on Highway 17, from Espanola down Highway 6 through and including all of Manitoulin Island, and the municipality of Killarney.

Our vision is of a Northern Ontario economy thriving with successful businesses and industry.

Our mission is to understand the needs of northern business owners, solopreneurs, CEO’s and industries and provide services that support their growth and prosperity.