Community Futures North Red 2nd Floor - 18 Main Street, Selkirk, MB - Phone: (204) 482-2020

Business Services

CF North Red has various loan programs that may help you in your business venture.  These programs are for individuals starting or expanding their business.  You must be running your business operations in the North Red region to qualify.  North Red is a lender of last resort; you must provide evidence of being unsuccessful in acquiring funds from a traditional lender, such as a bank or credit union.

CF North Red Business Loans

A loan can be provided from Community Futures North Red up to $150,000, but before the Corporation becomes involved in providing any financial assistance, certain criteria and guidelines must be adhered to:

  • Available to new or expanding business
  • Current Interest rate is 7%
  • Flexible terms and conditions
  • The applicant must be willing and able to invest a minimum of 10% equity investment in the enterprise, considering the total funding required, ensuring that the applicant will be committed to making the enterprise viable.
  • The venture must appear to have reasonable expectation of economic viability
  • The majority of jobs to be created must be filled by persons residing within the area of influence of the Corporation
  • No grants or forgivable loans are permitted to be made by the Corporation
  • Every approach to the Corporation must be analyzed for the number of jobs it will be generating
  • The Corporation's participation is desirable in ventures that would not proceed without the financial and/or technical assistance of the Corporation
  • The loan is approved by a Board of Directors. Upon approval of loan a business plan and two years of projected financial statements need to be provided

To access a copy of the application for financial assistance or business plan template click HERE

Youth Loan Financial Assistance

A loan up to $25,000 can be provided to youth applicants under the following criteria:

  • Applicants will be required to have 10% equity in their business, which would provide applicants with a sense of ownership and participation in the venture and that they would have something to lose if the venture were to fail. This discretion can be waived at the discretion of Community Futures Westman.
  • Applicants are between the ages of 16 to 29. Applicants under the age of 18 will require a co-signer as dictated by provincial standards
  • A business plan and two years of projected financial statements will be required
  • Existing businesses can qualify for the Youth Loan Program
  • Season business can qualify for the Youth Loan Program

Entrepreneurs with Disabilities Financial Assistance

A loan can be provided up to $150,000 for applicants with disabilities based upon the following criteria:

  • Eligible applicants must be living in a rural community in the CF North Red region and have a disability that impairs their ability to perform at least one of the basic activities of self-employment or entrepreneurship
  • Applicants will be required to have 5% equity in their business, which would provide applicants with a sense of ownership and participation in the venture and that they would have something to lose if the venture were to fail. This discretion can be waived at the discretion of Community Futures North Red
  • Normal security arrangements will be followed in the Lending Agreement
  • A business plan and two years of projected financial statements will be required

If you are interested in applying for a loan or have any other questions, please contact Peter Mandryk, Manager, at (204) 482-2020 extension 1 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..

Client Appeal Process

Community Futures North Red policy on client appeals process regarding loan application declines is as follows:

A decision by the Investment Review Committee to decline a loan application may be appealed to the Community Futures Board of Directors. A letter addressed to the Chair of the Board of Directors outlining why the client feels the decision should be reversed and a copy of the client's business plan and financials may be mailed or hand delivered to the Community Futures Nort Red business office.

A decision by the Community Futures Board may be appealed to the Provincial Community Futures Investment Fund Committee.

Self-Employment Program

The Self-Employment Program (SE Program) has been coordinated by the CF North Red office for over 15 years and has strengthened the economy within the Triple S region. The SE Program assists eligible individuals to create their own business. To be eligible you have to fit into one of the following categories:

  • unemployed (working less than an average of 20 per week) and current or previous EI recipient
  • an individual about to lose their job and eligible for EI benefits

The individual will be provided with assistance in business plan development, offered advice and support and the participant will be directed to other supports as needed.

Candidates for the SE Program must have a viable business idea, be motivated to start their own business, and be prepared to contribute money, work and/or equipment towards the business.

For more information about the Self-Employment Program please contact Peter Mandryk, Manager, at (204) 482-2020 extension 1 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..

Business Library

Located in the CF office is an array of books available for use, free to the public. The library consists of books that you can sign out to help assist with start-up of a business or constructing a business plan. There is also free internet access to help aid in research.

The library is open during regular office hours