Self-Employment Program
If you are presently eligible for Employment Insurance support and you have a viable business idea, take the time to look into the Self-Employment Benefit Program.
Business Loans & Development Loan Funds!
Business Loans:
Community Futures has been lending money to small businesses throughout the Boundary since 1993. Over the past 17 years we have authorized loans to 400+ businesses.
Community Futures has loans to start, buy or expand your business. If you have a commercially viable business or project in the Boundary region, Community Futures may be able to arrange the financing you need. Starting or expanding your business requires a lot of research and planning. The people at Community Futures Boundary can provide the guidance you need.
Business Development Loans - Click To Open/Close
Loans are available to a maximum of $150,000 through our regular loan process, to a maximum of $500,000 through our Community Futures syndications and to a maximum of $10,000,000.00 with our Rural Partnership Agreement with Business Development Bank of Canada (BDC).
Funding can be obtained for start-ups, expansion, additional working capital, equipment purchases, real estate purchases and maintenance.
Business Loans - Application Process
- Meet with our loans Officer to discuss your options and begin working through the application process.
Business Loan Application Form - Remember, every business situation is unique and the best strategy for you will be determined when you meet with our Loans Officer.
- Our loans officer will provide assistance to you while you develop a business plan and financial projections ( Business Plan Outline), perform credit checks and verify the information you provide. You will be advised what additional information needs to be provided. Naturally the more complex the situation the more due diligence will be required.
- Our loans officer presents your application and information to the loans committee at monthly loans meetings. You will be informed of the decision after the monthly loans meeting.
- Upon your acceptance of the terms and conditions set out in the offer, we will commence preparation of the legal security documents and other loan documentation as required. This can take up to two weeks.
What We Offer:
- Support for new or existing business
- Competitive interest rates
- Flexible repayment schedules
- No penalties for early repayment.
- Ongoing support and business counselling with our certified business counsellor.
- Individualized consideration of all applications received.
Targeted Loan Funds - Click To Open/Close
Forestry loan funds through Forest Renewal BC, Green Initiatives and Tourism Youth loan funds, Entrepreneurs with Disabilities loan fund.
BoundaryCF Contact
Susan Green
Business Analyst
Tel: (250) 442-2722 ex: 222
CALL FOR ANY QUESTIONS ABOUT BUSINESS LOAN FUNDS OR CONTACT US ONLINE TODAY!
Grand Forks, BC
Tel: (250) 442-2722
Toll Free: 1 (888) 303-2232
Fax: (250) 442-5311
Greenwood, BC
Tel: (250) 445-6618
Fax: (250) 445-6765
