Loan Programs
Community Futures Grande Prairie & Region's loan loan fund currently sits at just over $4Million, with more than $3.5Million actively loaned out to regional businesses and individuals for business start up, maintenance and expansion. New loan products have just been announced and are available online at www.roadahead.biz.
Our Small Business Loans
ReadyCash – Quick turnaround short-term loans of up to $10,000 - so you can react to a great opportunity.
FlexLine – Flexible line of credit loans from $10,000 to $50,000 - money that's there when you need it.
TrailBlazer – Loans for value-adding, innovation, enhancing productivity and developing new products and markets.
BizBuyout – Loans to assist with the purchase of an existing and successful rural business.
NewBiz – Financing to start a business in a community served by Community Futures
NextGen – Loans for young entrepreneurs ages 18 to 29 with a great business idea.
BusinessAble – Loans for persons with a disability seeking to start or expand a business.
Frequently Asked Questions
Q: Do I need a down payment to borrow money from Community Futures Grande Prairie & 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 Grande Prairie & Region?
A: Generally, the loan process takes a minimum of 2 to 6 weeks, allowing for the research and preparation of a business plan.
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. Our office’s resource library contains information about available grants. Staff at Community Futures Grande Prairie & Region can help you with grant research and identifying other sources of business financing.
Canadian Youth Business Foundation Partnership
Community Futures Grande Prairie & Region works with the Canadian Youth Business Foundation to provide youth, age 18-34, who have a great business idea and require financing, mentoring and the right business resources to start a business.
For more information about Canadian Youth Business Foundation, visit www.cybf.ca.