Small Business Loans in East Central Alberta
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.
Looking To Appeal A Decision?
If you applied for a loan with us and the loan application was declined, you do have the ability to appeal the decision.
For more information about this process, please click here.
How to get a small business loan
Learn more about Community Futures 5Cs of lending
Business Loan FAQs
We cover the following areas: Alliance, Alsul, Amisk, Armena, Barlee, Bawlf, Brownfield, Bruce, Cadogan, Camrose, Chauvin, Czar, Daysland, Dewood, Dunn, Edgerton, Ervick, Fabyan, Ferintosh, Forestburg, Greenshields, Hardisty, Hay Lakes, Heath, Heisler,Holden, Hughenden, Irma, Jarrow, Killam, Kingman, Kinsella, Lindbrook, Lougheed, Metiskow, Ohaton, Poe, Ribstone, Rosyth, Ryley, Sedgewick, Tofield, Viking, and Wainwright.
Community Futures loans and services are available for businesses in rural areas only. Your business must be located outside of the metropolitan areas of Edmonton (including St Albert and other communities within the Edmonton Capital Region) and Calgary.
The best place to start is to schedule an appointment with us to go through your business goals together.
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 your local Community Futures Office.
If you are looking for a loan for your business, you must contact a bank first. If you are unable to secure appropriate financing under reasonable terms elsewhere, then you may be able to get financing through us.
If you are interested in applying for a Community Futures business loan, you must be prepared to make a personal investment. We ask that you provide cash plus security (such as vehicles, equipment, land, buildings, etc.) to back the loan. This shows that you are committed to making your business work.
Yes. All financial institutions (including Community Futures) will run a credit check on you or your incorporated company to see if you have dealt responsibly with past loans and debt. A bad credit rating is a concern to most lenders, including Community Futures. More information can be found on Industry Canada's website: http://strategis.ic.gc.ca. There are a number of things you can do to improve your credit rating. Feel free to contact us to discuss options.