Introduction to CFPL Loan Program
One of the most successful means that Community Futures (CF) have in fostering entrepreneurship in BC is their ability to provide business loans to entrepreneurs who have had trouble accessing capital from traditional lenders.
In addition to providing individualized business counselling, our Community Futures operation can lend up to $150,000 to new and existing businesses for:
Loans received from a Community Futures are fully repayable and are offered at a competitive interest rate. In over ten years of lending to entrepreneurs in British Columbia, the CF’S, on average, have recorded an unprecedented financial institution repayment rate of 96%.
Community Futures can help you arrange financing for your business through regular channels (banks, credit unions, and the Business Development Bank of Canada
In addition, Community Futures can provide business development loans from their own funds, as well as by accessing specialized loans programs that target segments of the BC population that may face additional obstacles in securing business financing.
Do I Qualify for a Loan?
Community Futures Peace Liard may help finance viable business ventures with both expansion and startup financing, including businesses that might not otherwise be eligible for financing from other institutions.
We are happy to accept applications for financing for businesses within the Peace Liard Region.
Unless there are unusual or extenuating circumstances, applications will not be considered in any of the following situations:
How Do I Apply for a CF Loan?
Complete the forms in the Loan Application package, as well as the Business Plan template (if you do not already have a Business Plan). Please do not hesitate to contact our office if you need any assistance in completing the application package.
Your completed Loan Application package can be emailed to our Business Analyst at firstname.lastname@example.org, dropped off at our office at 904 – 102 Avenue in Dawson Creek, or faxed to us at 250-782-8770.
The complete Loan Application package consists of:
- Due Diligence Checklist (Word Document)
- Pre-Loan Checklist (Word Document)
- Loan Application (Word Document)
- Personal Overview (Word Document)
- Guarantor Overview (Word Document)
- Business Plan (Word Document)
The other documents that may be required in order to complete the loan application process (see the Due Diligence Checklist):
When all of the necessary documents have been received, the Business Analyst will present the Loan Application, Business Plan, and supporting documentation to the Loans Committee, who will then discuss the information and make recommendations on the information provided.
If declined, the client will be advised by phone. If approved, the client will be called and an appointment with the Business Analyst is set to review the Letter of Offer. When all security documentation and proof of registration is in place and all documents are signed by all parties, an authorization for the funds to be disbursed to the client will be issued.
Entrepreneurs with Disabilities Program
This fund was established in 1997 by Western Economic Diversification Canada to make it easier for entrepreneurs with disabilities to pursue their business goals. Please see the link below for more information. This website is a resource for people with disabilities who may be exploring the option of self-employment and need access to some basic tools and information on the initial steps for starting a small business. This site features web accessibility features for people with disabilities and provides straightforward information on self-employment, creating a business plan, and how to apply for an EDP loan.