Business Loans

Since 1985 Community Futures has been lending money to small businesses throughout the Central Kootenay. During the past 22 years we have authorized loans totaling more than $20 million to 650+ businesses, creating or maintaining close to 2,100 jobs.

At Community Futures we are here to listen to your business idea as well as discuss any of your other financial needs.

Unlike most financial institutions, we are not a formula lender. Instead we assess every business venture on the basis of its own merit. Community Futures also has the ability to explore financing for businesses that are unable to secure funding under reasonable terms and conditions from traditional lenders. In some cases we may be prepared to consider a position of higher risk than other lenders.

Our interest rates are calculated on the basis of the prevailing CIBC prime rate plus a variance depending upon the level of risk involved. Upon authorization, our loans are subject to administration fees to cover related costs, and applicants are responsible for any direct legal costs for loan security documentation.

We offer:

• loans of up to $500,000
• support for new or existing business
• competitive interest rates
• a flexible repayment schedule
• ongoing support and business counselling
• individualized consideration