Community Futures Development Corporation of Central Okanagan
Business Lending
Record #:
KNA0664
Last Modified:
15 Jan 2020
Last Full Update:
15 Jan 2020
Contact Information
| Office Phone | 250.868.2132 |
| Fax | 250.868.2173 |
| info@cfdcco.bc.ca | |
| Website | www.cfdcco.bc.ca |
| Additional Info | www.cfdcco.bc.ca/services/business-lending |
| Social Media |  Facebook: www.facebook.com/communityfuturescentralokanagan/ Twitter: twitter.com/CFDCCO |
Description & Services
| Service Details | - Offers loans to businesses for start-up or expansion - Provides an alternate source of funding to businesses for start-up, expansion or business purchase - Term financing up to 5 years to a maximum of $150,000 is available to qualified applicants is available from the General Loan Fund, Youth Loan Fund (ages 18-29), Community Business Loan Fund, and Entrepreneurs with Disabilities Fund |
| Hours | Mon-Wed: 8:30am - 4:30pm Thu: 9:30am - 4:30pm Fri: 8:30am - 4:30pm |
| Eligibility | - Applicants must be residents of the Central Okanagan (Oyama to Peachland). - The business must operate and continue to operate during the term of the loan in the Central Okanagan. Applicants must not be in a position to access traditional sources of financing. - All loans are repayable in full. If your loan is approved you will meet with staff to arrange security requirements and the terms and conditions of your loan. - Community Futures is an alternative source of business capital offered at 9%. The interest rate is a set rate for the full term of the loan. Processing fees of 2% of the total amount will be applied (minimum of $350.00) upon approval and draw down of funds. - Life Insurance coverage is mandatory for loans exceeding $25,000, exclusive of fees. |
| How to Apply | Call for appointment or attend an Information Session |
Location
| Address & Map | |
| Located In Community | Kelowna |
| Major Intersection | Dolphin Ave and Kirschner Rd |
Other Details
| Accessibility | Accessible by elevator |
| Languages | English |
| Established | 1990 |