Introduction to CFSF Loan Program
One of the most successful means that Community Futures (CF) have in fostering entrepreneurship in BC is their ability to provide business loans to entrepreneurs who have had trouble accessing capital from traditional lenders.
In addition to providing individualized business counselling, our Community Futures operation can lend up to $150,000 to new and existing businesses for:
- capital purchases,
- operating capital,
- inventory,
- start-up costs,
- top-up financing, and
- expansion.
Loans received from a Community Futures are fully repayable and are offered at a competitive interest rate. In over ten years of lending to entrepreneurs in British Columbia, the CF'S, on average, have recorded an unprecedented financial institution repayment rate of 96%.
Arranging Financing:
Community Futures can help you arrange financing for your business through regular channels (banks, credit unions, and the Business Development Bank of Canada).
In addition, Community Futures can provide business development loans from their own funds, as well as by accessing specialized loans programs that target segments of the BC population that may face additional obstacles in securing business financing.
Talk to us about applying for a business loan.
Call Bob at 604.864.5770 ext 305 to book an appointment with a loans officer.
Entrepreneurs with Disabilities Program
This fund was established in 1997 by Western Economic Diversification Canada to make it easier for entrepreneurs with disabilities to pursue their business goals. Please see this link for more information. This website is a resource for people with disabilities who may be exploring the option of self-employment and need access to some basic tools and information on the initial steps for starting a small business. This site features web accessibility features for people with disabilities and provides straightforward information on self-employment, creating a business plan, and how to apply for an EDP loan.
