Posted by Jorge LeClair in
Are you thinking of starting a new business in a rural area? Does your current business operate in a rural area? Does your business require working capital? Has your business been turned by other lenders?
If you answered yes to any of these questions then the BC Community Futures Network can provide the funding solution your business needs.
Established in 1986 by the federal government, the BC Community Futures Network promotes economic prosperity in British Columbia’s rural regions. Since its creation, the British Columbia Community Futures Network has played significant role in entrepreneurial and community development. For example, in the 2006/07 fiscal year, the BC Community Futures Program created or maintained more than 4,559 jobs, offered 606 loans totalling $31 million and leveraged an additional $53 million.
BC Community Futures Network has 34 locally and strategically positioned offices across the province.
While BC Community Futures offers many programs, one of its strongest programs is its Small Business Loan Program which provides funds up $150 000 in funding to small businesses who for various reasons are unable to get approved for financing from other sources such as banks. The Small Business Loan program can be used to stabilize an existing business, grow a thriving enterprise or start a new business.
Acceptance for a BC Community Futures Small Business Loan depends on having a persuasive and detailed business plan that clearly shows the market viability of the business, the potential for job creation, management experience, ability to repay and reasonable equity.
I would be happy to answer any questions regarding this program or assist you in preparing a successful business plan.
I can be contacted at jorge@jorgeleclair.ca
