Community Futures Saskatchewan — Loans
grant_single|update January 24, 2025
SK, Canada
Rural Saskatchewan business loans
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|closingDate May 21, 2024
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Community Futures Saskatchewan
grant_single|status
grant_card_status|closed
grant_single_labels|preview
Get a loan of up to $150,000 to start, expand or buy a business in a rural community.
grant_single_labels|terms_and_conditions
This loan program is structured to provide financial solutions to businesses within rural communities, focusing on flexibility and affordability. The modalities are specifically designed to accommodate the diverse needs of new start-ups, business expansions, and acquisitions.
- A maximum loan amount of $150,000 is available for each entity.
- Interest rates are fixed at the time of application.
- The loan amortization schedule is determined at the time of application.
- No penalties are applied for early repayment.
- Application and administration fees are applicable, and details can be obtained from the local Community Futures office.
grant_single_labels|projects
This loan program is designed to support businesses in rural communities by providing financial assistance for specific business needs. Eligible activities include starting new businesses, expanding existing ones, or purchasing a business in these areas.
- Starting a new business in a rural community.
- Expanding an existing business in a rural community.
- Purchasing a business within a rural community.
grant_single|admissibleProjectsExample
$ 110,000
Expanding an organic vegetable farm with new greenhouses
$ 140,000
Launching a tech incubator for rural tech startups
$ 110,000
Opening an artisan cheese shop, focusing on locally sourced products
$ 140,000
Purchasing a local bakery business and upgrading its kitchen equipment
$ 150,000
Starting a renewable energy consultancy firm focused on solar projects
$ 150,000
Expanding a fish farming business to include processing facilities
grant_single_labels|admissibility
To be eligible for the Community Futures loan, businesses must meet certain criteria specific to their operations and business plan.
- The business must be located in a rural community.
- The loan must be intended for new start-ups, expansions, or purchasing an existing business.
- Applicants should tailor their request to meet the specific needs of their business.
- Decisions will be made by the local Community Futures office, indicating the importance of local community benefits.
grant_eligibility_criteria|who_can_apply
Eligible applicants for the Community Futures loans include new business start-ups, businesses planning expansions, or those looking to purchase a business in rural communities. The businesses must be located within the jurisdiction of the local Community Futures office, which determines eligibility and provides the tailored financial solutions based on individual business needs. Applicants are encouraged to contact their local office for detailed eligibility requirements and application procedures.
grant_eligibility_criteria|eligible_expenses
This loan program is tailored for new businesses, business expansions, and purchasing existing businesses in rural communities. It aims to support economic growth and development at the local level.
- Financing for new business start-ups to help enter the market.
- Funding for business expansions to increase capacity or enter new markets.
- Loans for purchasing existing businesses to sustain community-centric enterprises.
grant_eligibility_criteria|zone
This grant supports businesses in rural communities within Saskatchewan, as delineated by the Community Futures program. Eligible companies must be situated in these specified areas to qualify for the loan support.
- Companies located in rural communities across Saskatchewan.
grant_single_labels|apply
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grant_single_labels|otherInfo
Community Futures loans are customized financial solutions specifically for rural businesses, aimed at start-ups, expansions, or acquisitions. Here's additional information:
- Maximum loan amount: $150,000 per entity *
- Fixed interest rate and amortization decided at application
- No repayment penalties
- Application and administration fees apply (contact local Community Futures office)
- Reach out to local Community Futures office for detailed program information and application forms
Apply to this program
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