Community Futures is an alternate source of business funding offering financing to businesses for start-up, expansion or business purchase.
Term financing up to 5 years to a maximum of $150,000 is available to qualified applicants.
Applicants who are looking to start, purchase or already own a business in the Central Okanagan area.
Individuals, businesses or organizations who require funding for start-up costs, working capital purposes, capital acquisitions, expansion or purchase of an existing business.
Residents, businesses or organizations of the Central Okanagan who are unable to access funding from traditional sources (i.e. Chartered Banks, Business Development Bank of Canada, Credit Unions, etc.). Community Futures works in partnership with traditional lenders in order to meet the borrowers full lending requirements.
All applications must be completed and accompanied by a well thought out and realistic business plan.
Community Futures offers specialty term loans up to five years for a maximum of $150,000 from:
Applications can only be obtained by contacting one of Community Futures' Business Advisors at 250-868-2132 ext. 227 or ext. 222 to arrange an appointment to review the business opportunity and financing need.
To help you prepare for your financing, you can download a variety of resources like business plan guide, forecasted cashflow templates and other tips by clicking http://www.cfdcco.com/resources/files-a-downloads/category/financial-worksheets
Through a partnership with Community Futures, Futurpreneur can offer young entrepreneurs age 18-39 a start-up package of mentorship and financing of up to $15,000 via low interest rate start-up financing and may qualify for a match or double match of financing up to $30,000 via Futurpreneur's partnership with the Business Development Bank of Canada. Contact Community Futures to find out more.