CF 16/37 helps the new entrepreneur who wants to start a business or an existing entrepreneur who wants to maintain or expand an existing business.
Business loans are available from CF16/37 through a variety of programs. We are a complementary lender and can assist access to funds from several funding sources.
Community Futures 16/37 Business Development Loans
Business Development loans through Community Futures 16/37 are available up to $150,000. Applicants must develop a viable business plan and provide adequate security for the loan amount in order to qualify for a loan. Our Business Analysts can assist with business plan development as part of the application process. Term of these loans is to a maximum of 5 years. Businesses and communities that lie within our service area are eligible for assistance. Businesses seeking financing are expected to contribute to the local economic growth by creating or maintaining employment. A financial contribution by the business owner(s) is required.
If You Need Finances To:
- Start a Business
- Purchase an existing Business
- Expand your Business
- Purchase Equipment
- Provide Working Capital
- Finance a Project
GIVE US A CALL
ALL SERVICES ARE STRICTLY CONFIDENTIAL
Business Development loans may be accessed through one of the following programs:
BDC Fund – General business development loans in non-targeted areas for starting or developing your business.
EDP Program – Entrepreneurs with Disabilities Program offers small business loans to self-identified persons with a disability and may be for starting or growing their business.
Youth Entrepreneur Program – targeted for Entrepreneurs age 19 - 29 to start or grow their business. The Program will help you develop a comprehensive business plan and develop your business ideas.
Forest Fund – dedicated toward support of traditional Forest activities. These may include:
- Logging
- Saw-Milling
- Silviculture
- Woodlot operations
Forest Innovations Fund – to develop increased utilization of forest fibers. Examples of eligible applications include:
- Forest Products value-added operations
- Wood Waste utilizations
- Biomass projects
- Forest Stewardship Council Certification
Fisheries Fund – dedicated toward support of traditional commercial and sports fisheries.
Fisheries Innovations Fund – to develop new directions in aquaculture, shoreline and seabed business development.
Canada Youth Business Foundation Loans – This program is for youth 18-34 and is accessible through Community Futures16/37. For more information go to: www.cybf.ca
