Self Employment Program
The Self Employment Program is available to clients in the Community Futures Sun Country area. The program provides a weekly benefit, training and support as clients set up their business. There are eligibility criteria for this program. Contact the appropriate Community Futures office to review the criteria.
The Self Employment Program for clients in the Community Futures Sun Country region is accessed through Community Futures Thompson Country in Kamloops, with the exception of Boston Bar and Hope. The program for these communities is delivered through Community Futures South Fraser.
Loans
* For a copy of our Business Plan Workbook please contact Community Futures.
Community Futures Sun Country provides secured, repayable loans from $500 - $500,000. We are a lender of vision working to enhance and expand existing business or to start new business in our region.
We maintain competitive interest rates, with flexible repayment terms and no repayment penalty.
Eligibility / Criteria:
- Employment creation or maintenance for predominantly local residents
- Business needs to be located in the Community Futures Sun Country area
- Reasonable personal financial investment
- Ability to repay
- Future economic viability of the business
- Competent management
- Adequate security for the venture
Our 5 Steps to Getting a Loan:
- Fill out the Business Loan Application, available online or from the office, and return it with the applicable fee to our office (See costs below);
- If the application looks feasible, an appointment with a Loan Account Manager will be made for an interview;
- Research and Investigation is done, and the Loan Proposal written up;
- A presentation of the completed Loan Application and Business Plan Overview is made to the Community Futures Sun Country Loans Committee;
- If approved, documentation is drawn up and signed. Funds are made available to client (approximately 1 week).
Costs:
In order for us to proceed with the Loan Application a $10.00 processing fee per applicant will be required when the application is submitted.
Applicants who are successful in moving into Phase 2 of the loan process will be responsible for a non-refundable Loan Processing Fee of:
- 1% of loan amount minimum $50.00
- Legal costs, if applicable, will be deducted from the monies that are disbursed.
Contacting Us:
Contact Community Futures with any questions | Phone: (250) 453-9165 | Toll free: 1-800-567-9911
Entrepreneurs with Disabilities Program
The Entrepreneurs with Disabilities Program offers small business loans to people with disabilities who are interested in starting or growing their own business.
Business Resource Library
We have hundreds of books available to assist you in nearly every aspect of your business. Click here to view our list.
Video Conferencing Seminars
For a full list of Video Conferencing Seminars go to www.smallbusinessbc.ca. Keep in mind we are able to opt into any of the Seminars just contact our office at (250)453-9165 or 1-800-567-9911 or email vision@cfsun.ca
