Community Futures Alberta — Financial Supports
Overview
If you're a small business owner or entrepreneur, you could get a loan of up to $150,000 to start or grow your business
At a glance
Funding available
- Integrate new technologies
- Buying or selling a company
- Selling in a new market
- Maximum amount : 150,000 $
- Open continuously
Eligible candidates
- All industries
- Cochrane
- Alberta, Manitoba, Saskatchewan
- For-profit business
- Sole proprietorship
- All revenue ranges
- All organization sizes
- Rural or Northern Residents
- Startups
Activities funded
This grant provides financial support to small businesses in rural Alberta to help them start, grow, or transform their business operations. Eligible activities include business establishment, expansion, and technological investments.
- Starting a new business.
- Buying an existing business.
- Expanding into new markets.
- Opening a franchise.
- Investing in technology.
- Renovating or upgrading business premises.
Eligibility
Eligibility for financial support through Community Futures is guided by specific criteria designed to assist small businesses in rural Alberta.
- The applicant must be a small business or entrepreneur located in rural Alberta.
- The business may be starting up, buying an existing business, expanding into new markets, opening a franchise, investing in technology, or renovating.
- Applicants must be willing to engage with a local Community Futures office for guidance and support.
- Loan requests can be made for amounts up to $150,000.
Who is eligible?
The Community Futures Network of Alberta provides flexible business loans specifically for small business owners and entrepreneurs in rural Alberta. These loans are available for starting or buying a business, expanding into new markets, opening a franchise, investing in technology, or refreshing a business's appearance. The program is designed for those who need financial support to grow their business, with a particular focus on helping businesses that might not qualify for traditional loans. Therefore, eligible applicants must be small business owners or entrepreneurs operating or planning to operate in rural Alberta.Eligible expenses
This grant focuses on providing financial support for various business activities, particularly for small businesses in rural Alberta. Eligible projects and activities under this grant include initiating new business ventures or enhancing existing operations.
- Starting a new business.
- Buying an existing business.
- Expanding into new markets.
- Opening a franchise.
- Investing in technology upgrades.
- Giving your business a facelift through renovations or updates.
Eligible geographic areas
This grant is specifically targeted at rural areas in Alberta, ensuring alignment with the regional development goals of Community Futures Alberta.
- Rural areas within Alberta, Canada.
Selection criteria
There are evaluation and selection criteria for this grant.
- Flexible loan criteria
- Wide variety of loan options
- No hidden fees or penalties
- Competitive interest rate
How to apply
Find Local Office
- Locate your nearest Community Futures office in rural Alberta.
- Contact the office to schedule a consultation or meeting with an advisor.
Consultation with Advisor
- Attend the scheduled meeting to discuss your business needs and goals.
- Gather information on available loan options and support services tailored to your situation.
Application Preparation
- Complete your business loan application with guidance from the advisor.
- Compile necessary documentation, such as business plans and financial statements, as required for the application.
Application Submission
- Submit your completed application and any supporting documents to your local Community Futures office.
- Ensure all forms are signed and properly filled out.
Follow Up
- Maintain contact with your advisor for updates on the status of your application.
- Be prepared to provide additional information if requested during the review process.
Additional information
Here are additional relevant details for this financial support program:
- Community Futures has over 30 years of experience in guiding entrepreneurs in rural Alberta.
- Offers free resources alongside loan and financial support.
- Access to training sessions and one-on-one business mentoring is provided.
