Community Futures East Parkland Capital Growth Initiative
$75,000.00
In-Kind Support, Loan
Description:
Community Futures East Parkland provides ongoing support, advice, and access to low-interest loans designed specifically for women entrepreneurs, and offering flexible repayments options and forgivable loan portions if conditions are met.
Comments on Funding:
Funding is a loan starting from $10,000 up to $75,000:
– Interest Rate of Prime + 2% for a 5-year term;
– 6 months interest-only payments at the start of loan;
– Forgivable 25% portion of loan amount if 75% is repaid within the 5-year loan term;
– Flexible opportunities to manage loan repayments;
– No penalties for early repayment and/or lump-sum payments.
Continuous Intake
Eligibility:
Applicants must:
1. be a 50.1% women-owned small or medium-sized business that is registered and located in Alberta;
2. reside in the province of Alberta;
3. be a Canadian Citizen or Permanent Resident;
4. As per the Terms and Conditions of the Community Futures Program, SMEs are defined as having less than 500 employees and annual sales revenue of less than $20 million, and produce goods and services for the market economy, regardless of their business structure (e.g. sole proprietorships, social enterprises, cooperatives, etc.).
Application Steps:
Applicants must:
1. submit an Eligibility Assessment;
2. complete the Loan Application;
3. be notified of the decision.
Documentation Needed:
Applicants must provide documents to confirm their identity, credit history, and other information as requested.
Other Things to Note:
- Alberta
- Alder Flats
- Alix
- All
- and Winfield
- Ardley
- Argentia Beach
- Aspen Beach
- Bashaw
- Bawlf
- Bentley
- Big Valley
- Birchcliff
- Blackfalds
- Bluffton
- Botha
- Buck Lake
- Byemoor
- Castor
- Clive
- Crestomere
- Crystal Springs
- Delburne
- Donalda
- Dorenlee
- Duhamel
- East Parkland
- Edberg
- Elnora
- Endiang
- Equipment or Property (lease or buy)
- Erskine
- Falun
- Fenn
- Ferintosh
- Fleet
- Gadsby
- Grandview
- Gull Lake
- Gwynne
- Half Moon Bay
- Halkirk
- Haynes
- Hoadley
- Joffre
- Kelsey
- Lacombe
- Leedale
- Lousana
- Ma-Me-O Beach
- Maskwacis
- Meeting Creek
- Millet
- Mirror
- Morningside
- Mulhurst
- Nevis
- New Norway
- Non-profit Organization
- Norris Beach
- Parkland Beach
- Pelican Point
- Pine Lake
- Pipestone
- Ponoka
- Poplar Bay
- Red Willow
- Rimbey
- Rochon
- Rosalind
- Sands
- Silver Beach
- Stettler
- Sunbreaker Cove
- Tees
- Westerose
- Wetaskiwin
- White Sands
- Women
- Working Capital
About the author
Maurice
