Community Futures Lloydminster and Region
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Business Financing

 

TO VIEW ALL OF OUR LOAN PRODUCTS PLEASE CLICK HERE

 

General Loan Fund

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:

  • Starting or expanding a business
  • Applying new technology to your business
  • Upgrading facilities and equipment
  • Developing marketing and promotions material
  • Establishing working capital for anticipated sales increases

 

Entrepreneurs with Disabilities Program

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:

  • Live in the LloydminsterRegion
  • Have a disability that impairs your ability to perform at least one of the basic activities of self-employment or entrepreneurship

The program offers:

  • Assistance in developing a business plan
  • Training through small business courses
  • Business loans up to $125,000, the terms of which are specifically tailored to address each individual entrepreneur's needs and are repayable at competitive rates

Loans can be used for:

  • Starting or expanding a business
  • Applying new technology to your business
  • Upgrading facilities and equipment
  • Developing marketing and promotions material
  • Establishing working capital for anticipated sales increases

 

Youth Entrepreneur Program

To qualify for a Youth Entrepreneur program you must:

  • Have a creative, viable business idea or plan
  • Be between 18 and 29 years old
  • Live within the Communtiy Futures Lloydminster and Region.
The program offers:
  • Assistance in developing a business plan
  • Training through small business courses
  • Access to a wealth of information about everything from export and trade, to selling to government markets, to accessing other loan programs and government business services
  • Business loans of up to $25,000 the terms of which are specifically tailored to address each individual entrepreneur's needs and are repayable at competitive rates
Loans can be used for:
  • Starting or expanding a business
  • Applying new technology to your business
  • Upgrading facilities and equipment
  • Developing marketing and promotions material
  • Establishing working capital for anticipated sales increases

 

Frequently Asked Questions

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 Innovation Voucher Program

Are you:

  • An Alberta-based technology driven business developing innovative new products or services for the agriculture, forestry, energy, environment or health sectors
  • A Market research/business planning consulting firm
  • An expert in prototype development, production, testing and certification or intellectual property protection

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

Program Guide: http://www.albertaingenuity.ca/files/Program%20Guide_September2010_Final.pdf

 

Small Business Internship Program

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.

For more details on this program click here. Find out more by visiting: www.ic.gc.ca/sbip

Alberta contact: CDEA
8929-82nd Avenue, Edmonton, Alberta T6C 0Z2
Telephone: 780-414-6125 ext 108
Fax: 780-414-2885
E-mail: marie.polydore@lecdea.ca

Saskatchewan contact: Sagehill Community Futures Development Corporation
Box 10, 515 Mayer Street, Bruno, Saskatchewan S0K 0S0
Telephone: 306-369-2610
Toll free: 1-888-732-8999
Fax: 306-369-4142
E-mail: sagehill@sasktel.net

The Small Business Internship Program is supported in part by contributions from the Government of Canada.