Guidance. Support. Community.
one idea at a time
Business loans, tools, mentoring, guidance, and support for rural small business owners and entrepreneurs in Alberta.
Guidance. Support. Community.
Your pathway to business
success begins here.
Business loans, tools, mentoring, and honest advice for rural small business owners and entrepreneurs in Alberta.
Building Elk Island Region, One Idea At A Time.
We’re more than just a business lender. For over 30 years Community Futures has been helping businesses grow in rural Alberta, and here at Community Futures Elk Island Region we’ve been helping our region turn their business ideas into reality through FREE business planning, and coaching.
Our small business advisors will connect you with the skills and resources you need to succeed. We provide training, upskilling, and financial support to build your confidence and expertise, while strengthening our communities through diversification of businesses and industries.
Whether you’re in the start-up phase, planning for growth, or you’ve been turned down by a financial institution, our team is here to help you.
Training, Guidance, And Financial Support For Entrepreneurs In Elk Island Region
Whether you're just starting out, trying to expand your business, or looking for some guidance on how to sell your company, Community Futures is here for you every step of the way.
Our skilled team offers a wide variety of business support services, designed to help rural business owners launch new services, attract more customers, and thrive in an increasingly competitive business environment.
Whether you need help writing your business plan, securing funding, or exploring your online marketing opportunities, our business advisors can help. With years of experience helping small business owners in the Elk Island Region region, our team knows what options are available to you and can help guide you towards your business goals.
If you're struggling to find investment for a new business, exporting your products, investing in technology, or just trying to seize a new business opportunity, our flexible business loans may be the answer you're looking for.
With loans up to $150,000, we're known for saying “yes” when other lenders say “no”, with flexible qualification criteria.
Want to expand your skill set? We offer a wide range of business training programs and upskilling opportunities, from health and safety training to quick-start business intensives.
Learn how to market your business, understand basic accounting, and explore how to attract and retain talent as a rural business.
Let’s Work Together for Your Clients' Success
We know that it can be frustrating when an enthusiastic entrepreneur comes in, has a great business idea, however, the business can't get the funding they need to get started.
When a financial institution’s business lending policies don't allow for a prospective client to receive a lending product, we want to partner with you to ensure their success and help bridge that gap.
Frequently Asked Questions
If you are looking for a loan for your business, you must contact a bank first. If you are unable to secure appropriate financing under reasonable terms elsewhere, then you may be able to get financing through us.
We assess every application using the 5Cs of credit:
- Character: This delves into your credit history, and analyses how good or bad your credit history might be.
- Capacity: This aspect determines in our view, if you’d have the means to pay the loan back with ease. This is also known as a debt-to-income ratio.
- Capital: Simply put, this refers to how much money you possess.
- Collateral: Here we look at what assets you are in ownership of that could be used as a means of security for the loan.
- Conditions: The conditions outline why you want to secure a loan, what the loan amounts to and finally the rates of interest at the time.
The maximum loan you can attain is $150,000. At Community Futures, there is no minimum loan amount you can apply for.
Yes, in order to receive funding, you must be operating within the Elk Island region.
Yes, this is required.