Small Business Loans In The Elk Island Region
Great loan options from great people.
Get the financial support you need to grow your business with one of our flexible business loans. We’re known for saying ‘yes’ when everyone else says ‘no’. If you can’t get a loan from traditional banks, we can help.
Our business loans range up to $150,000 and include:
- Loans for starting a business
- Business expansion loans
- Technology investment loans
- New business loans
- Buying an existing business
With Community Futures, you borrow only what you need, when you need it.
Many of our clients start with one kind of loan product and over the years take advantage of our other great loans and programs.
Loan qualification and repayment terms are affordable and flexible. We take a broader view of your assets, income, and skills than traditional lenders such as banks.
Get access to a wide range of business support from business advisors who know rural business like no one else, including free business guidance and counselling.
Loan Decision Appeal Process
Community Futures Elk Island Region is an independent not-for- profit corporation led by a volunteer Board of Directors. The local Board of Directors has final authority for all decisions.
In an effort to safeguard all efforts are made to ensure our clients are served in a fair and professional manner, the Board of Directors will ensure the corporation provides clients with access to an appeal process.
The loan applicant may make an appeal of a decision, by writing a letter outlining additional information or reasons why the loan should be granted. The appeal shall be reviewed by the Board of Directors
In addition, where a client requests an independent review of the Board’s original and subsequent appeal process, the Board of Directors will ensure the corporation provides the client with timely access to a process of external appeal provided in Alberta through the North East Alberta Community Futures Region’s Appeal/Redress Committee.
The role of the North East Alberta Community Futures Region’s Appeal/Redress Committee is to provide an external and independent review of the level of service, quality of service and the decision made by Community Futures Elk Island Region in its decision making and internal review processes. The Board of Community Futures Elk Island Region maintains all final authority for all decisions.
How to get a small business loan
Learn more about Community Futures 5Cs of lending
Business Loan FAQs
The best place to start is to schedule an appointment with one of our Business Analysts.
General eligibility criteria include:
- Your business must be located in a rural community of Alberta
- You must be involved in the day-to-day operations of the business
- You must be of legal age and a resident of Canada
- You must contact a bank first. If you are unable to secure appropriate financing under reasonable terms elsewhere, contact us.
