Business Loans Program

Community Futures offers loans up to $500,000 for new and existing businesses. 

Get the financing you need to take your business to the next level. Our friendly Loan Analysts are here to listen to your business idea and discuss your financial needs.

Use a business loan for:

  • Equipment or technology upgrades
  • Construction costs
  • Change of ownership
  • Launching a new business
  • Expanding an existing business
  • Additional working capital

Unlike most financial institutions, Community Futures is not a formula lender. We assess every business venture on its own merit. Our loans program offers more flexibility than commercial lenders in determining eligibility and loan repayment terms. However, the interest rates on Community Futures loans are typically at least 2% higher than the current Prime rate offered by banks.

Why borrow with Community Futures? We are a non-profit working to support the economic health of the Central Kootenay region. The money we get back from our lending initiatives is re-invested in the local area.

Applying for a loan

Our friendly loans staff are always happy to speak with anyone interested in financing for their business.

Before starting the application process, we strongly encourage you to contact us for an initial consultation. We’ll talk about your business and financial needs and make a recommendation for how to proceed with securing a loan.


In general, we take the following into account when you apply for a business loan:

  • Economic viability of the business
  • Assessment of management skills and abilities
  • Reasonable personal financial investment in the program
  • Loan security
  • Creation or maintenance of jobs
  • Location of the business in the Central Kootenay region

Application Forms

If your request for financing is declined, there’s the option to appeal the decision. Appeals should be made in writing, and will be reviewed by the Loans Committee. If the application is subsequently declined by this second review, there’s no further recourse to appeal. You can always re-applying for financing with a new and complete application package at any point following a rejection. For more information, see the Appeal Procedures.

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