* 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
Not sure if you are eligible for one of our loan programs? Fill out the Loan Application Pre-Screening Form and submit it to our Business Development Officer at dsteiner@cfsun.ca. He will review the form and provide you with feedback on which programs you are eligible for and the process you will need to follow to access loan financing.
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:
Email us | Phone: (250) 453-9165 | Toll free: 1-800-567-9911
