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
E-Mail 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
Landmark 1
1726 Dolphin Ave, #210
Kelowna, BC V1Y 9R9
Located In Community Kelowna
Major Intersection Dolphin Ave and Kirschner Rd

Other Details

Accessibility Accessible by elevator
Languages English
Established 1990