How much funding can be received?

Funds up to 150000% of admissible expenses.

What is the deadline to apply?

The program is accepting continuous intake

Who are the financial supporters of the Community Futures Saskatchewan — Loans?

Community Futures Saskatchewan — Loans is funded by Community Futures Saskatchewan

What are Community Futures Saskatchewan — Loans's eligibility criterias?

The business must be a new start-up, an existing business seeking expansion, or a business purchase in a rural community.

Community Futures Saskatchewan — Loans

Last Update: January 24, 2025

SK, Canada

Rural Saskatchewan business loans

Community Futures Saskatchewan — Loans at a glance

Eligible Funding

Max. $150,000

Timeline

Closing date : May 21, 2024

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Grant Providers

Community Futures Saskatchewan

Status

Closed

Overview of the Community Futures Saskatchewan — Loans program

Get a loan of up to $150,000 to start, expand or buy a business in a rural community.

Financing 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.

Eligible projects & activities

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.

Examples of admissible projects:

$ 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

Eligibility criteria of the Community Futures Saskatchewan — Loans program

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.

Who is eligible?

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.

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.

Eligible geographic areas

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.

How to apply to the Community Futures Saskatchewan — Loans program

Contact Local Office

Identify the local Community Futures office serving your area.
Contact them to gather more information about the loan program and application forms.
Inquire about application and administration fees.

Prepare Application

Complete the application form provided by the local Community Futures office.
Gather necessary documentation, such as business plans, financial statements, and any other supporting materials required by the office.
Ensure that the proposed loan amount does not exceed $150,000.
Review terms related to fixed interest rates and repayment conditions.

Submit Application

Submit the completed application form and all required documents to your local Community Futures office.
Ensure submission is made within any deadlines specified by the office.

Application Review

Wait for the application to be reviewed by the local decision-making body.
Be prepared to provide additional information if requested.

Receive Decision

Receive a decision regarding your loan application from the local Community Futures office.
If approved, review the loan agreement, interest rates, and terms of repayment.
Sign the loan agreement if the terms are agreeable.

Additional information

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

Commission for gasoline and propane sold in Saskatchewan