Flexible, affordable Community Futures loans are specifically designed for new start-ups, expansions, or to buy a business in a rural community. Solutions are tailored to meet the needs of the individual business and decisions are made locally.

Westman

Guidelines:

• Loan Application and Business plan required.
• Existing financials if available. If not we require financial projections.
• $150,000 maximum to any one entity
• Fixed interest rate and amortization established at time of application
• No repayment penalties
• Application and administration fees will apply

Please contact us for program information and application forms.

Microloans up to $25,000 to Start your business or give it a Boost

Our Biz Start and Biz Boost Microloans provide a low interest, flexible, business financing solution for entrepreneurs in  southwest Manitoba. We understand the difficulties that entrepreneurs face in the current economy.  As a result, we have designed further support to small business owners in the form of quick, simple, online access to financing for working capital or expansion needs.

Biz Start Microloan (new or in operation for less than one year) and Biz Boost Microloan  (existing business) have the following terms:

• Maximum loan of $25,000
• Interest rate of prime + 2%
• No principal payments for six months (optional)
• No application fee
• Repayment over three years, with no penalty for early payout
• A one-time administration fee of 2%, which can be added to the loan amount

Microloan Eligibility Requirements

• Funds will be used to start, buy, maintain or expand a business in the CF Westman region
• Funds may not be used to prepay or refinance existing indebtedness
• The business must demonstrate viability
• A complete loan application has been submitted   
  • Apply here for Biz Start loan or Biz Boost Loan.