Community Futures East Interlake 12 Main Street, North Riverton, MB - Phone: (204) 378-5106

Business Services

Community Futures East Interlake offers a number of business and financial services that are customized to meet your needs.

Business Services

Free Business Planning Assistance
Community Futures East Interlake staff will assist you with the creation of your business plan. A great place to start is by filling out a business planning workbook

Free Resource Library
Community Futures East Interlake is a satellite office of the Canada/Manitoba Business Service Centre. There are resources available covering a variety of business topics.

Free General Business Counseling
Community Futures East Interlake staff is pleased to provide you with any business counseling you may need. Do you need training in a specific aspect of your business? If so let us know, we may be able to help you access training.


Financial Services

Community Futures East Interlake is a source of financing for new or expanding businesses that are unable to obtain financing through the traditional means. CFEI offersthe following financial assistance:

  • Loan programs to small and medium businesses
  • Flexible repayment terms
  • Flexible equity requirements
  • CFEI's loans ARE repayable (No grants or forgivable loans)

All businesses that receive assistance from Community Futures East Interlake must be based within the geographic boundaries of the region and meet the criteria of the loan program they wish to apply for.

Loan Programs

General

  • Maximum Amount: $150,000
  • Lending Rate: CIBC's PRIME Lending Rate plus 3.0-6.0% (depending on security)
  • Equity Requirement: 10%

Criteria
Loan Application

CFEI Appeal Process

Entrepreneurs with Disabilities

  • Maximum Amount: $150,000
  • Lending Rate: CIBC's PRIME Lending Rate plus 3.0-6.0% (depending on security)
  • Equity Requirement: 5%

Criteria
Loan Application

Micro Loan Program

  • Maximum Amount: $20,000
  • Lending Rate: CIBC's PRIME Lending Rate plus 3.0-6.0% (depending on security)
  • Equity Requirement: 10%

Criteria
Loan Application

Youth Entrepreneur

  • Maximum Amount: $25,000
  • Lending Rate: CIBC's PRIME Lending Rate plus 3.0
  • Equity Requirement: 5%
  • Other conditions: 18-35 year of age

Criteria
Loan Application

Fishing Loan Program

  • Maximum Amount: $10,000
  • Lending Rate: CIBC's PRIME Lending Rate plus 3.0-6.0% (depending on security)

General Lending Guidelines:
Loan proceeds can be used for a number of business start-up or expansion requirements. There are, however, established genreal lending guidelines that specify what the loan proceeds can be used for. General Lending Guidelines

Loan Application Process:
To apply for a loan with Community Futures East Interlake, contact us to discuss your business idea and financing needs.

The following list of information must be completed and submitted to the Community Futures East Interlake (CFEI) office before the process of applying for a loan from CFEI can begin. This information is necessary for the staff of CFEI to effectively complete an assessment of the application. The process of applying for a loan through CFEI will take approximately 4 weeks from the time the information required is received by the CFEI office.

  • Completion of a Business Plan
  • Confirmation of Partnership Funding or Refusal of Funding from a bank, credit union or other program
  • Financial Summary
  • Personal Financial Statement
  • Security
  • Completed and Signed CFEI Loan Application Form

For more information on the loan application process please call our office at 1-800-378-5106.

Self Employment Program
The Self-Employment (SE) Program offers assistance to past and current Employment Insurance (EI) recipients wanting to start a business. The program is designed for individuals who have a workable business idea.

The Self-Employment Program is a provincially funded program sponsored by Manitoba Entrepreneurship, Training and Trade and Employment Manitoba. The SE Program provides financial assistance and management training for individuals who want to start their own business.

People who currently receive EI normally lose these benefits when they start a business. Through the SE Program the client is allowed to establish the business and continue to receive benefits while on the program. In addition, other unemployed individuals qualifying under the SE program may receive benefits (in the form of a living allowance). This enables the client to have an income to live on so that they can reinvest profits back into the business.

Self Employment Program

Employment MB - Self Employment Program