In addition to providing excellent business counseling, Community Futures Lloydminster and Region can lend a maximum of $150,000 to new and existing businesses. We can also support project requiring more capital. Please contact a Business Analyst for more information. These loans are made available to community members with viable business ideas that are seen to contribute to the economic and social well being of their community, we also focus on projects that diversify our economy. Loans received from Community Futures Lloydminster and Region are fully repayable and are negotiated at competitive interest rates.
Loans can be used for:
This program is designed to make it easier for entrepreneurs with disabilities to pursue their business goals and contribute to economic growth within their rural community.
To qualify for the Entrepreneurs with Disabilities program you must:
The program offers:
Loans can be used for:
To qualify for a Youth Entrepreneur program you must:
Q: Do I need a down payment to borrow money from Community Futures Lloydminster and Region?
A: Each loan request is analyzed on its own merits. Therefore, the equity requirement to secure a loan with our office is flexible, depending on other factors pertaining to the loan request. Generally speaking, the more equity provided the better the chances are that the loan may be granted.
Q: How long does it take to get a loan through Community Futures Lloydminster and Region?
A: Once we have a completed application (all information required to make a decision) we strive to have confirmation within 10 working days.
Q: Are there any grants (i.e.. non-repayable loans) available for starting a small business?
A: Depending on the type of business you wish to start, there may be grants available. Check out the Canada Business website to find out if you may qualify.
Alberta Innovates Technology Futures has re-launched the Alberta Innovates Innovation Voucher Program which provides $15,000 and $50,000 vouchers to help small technology and knowledge driven companies accelerate their time to market and increase their probability of success.
There are six competitions a year with deadlines of October 1st, December 1st, February 1st , April 1st, June 1st and August 1st. Results are announced 6-8 weeks after deadlines.
For more details on the program and application procedures visit: http://www.albertaingenuity.ca/programs/funding/industry/voucherprogram
The Small Business Internship Program provides small and medium-sized enterprises financial support to hire a post secondary student intern to assist them in their adoption of e-business strategies to increase their productivity and competitiveness.
8929-82nd Avenue, Edmonton, Alberta T6C 0Z2
Telephone: 780-414-6125 ext 108
Saskatchewan contact: Sagehill Community Futures Development Corporation
Box 10, 515 Mayer Street, Bruno, Saskatchewan S0K 0S0
Toll free: 1-888-732-8999
The Small Business Internship Program is supported in part by contributions from the Government of Canada.