Financing
Visit these websites for complete information on Financing options
- Financing - overview Useful information on understanding financing and about national and regional sources of financing as well as innovation financing.
- Community Futures - Strathcona
- Business Development Bank of Canada Loans of up to $150,000 can be available for start-up financing for small businesses. Nanaimo branch: (250) 390-5757
- Investment Capital Programs
- The Ministry of Technology, Trade and Economic Development offers 3 key programs to help small businesses in B.C. access capital for business start-up and expansion:
- Canada Small Business Financing Program Applications for loans under this program can be made at any bank or credit union. (Industry Canada does not make funds available directly to small businesses but supports lending by banks and credit unions through reimbursing 85% of lenders losses in the event of default.
- Banking information from the Canadian Bankers Association on small business services.
- Credit Unions (general)
- Union Bay Credit Union
- Coastal Community Credit Union
- Community Futures British Columbia — Financing Programs for Entrepreneurs
- Women's Enterprise Centre Provides loans of up to $100,000 to BC women for business start-up, expansion or purchase.
- Canadian Youth Business Foundation Provides start-up loans of up to $15,000 based upon character rather than collateral for young entrepreneur's age 18-34 years.
- Investment Agriculture Foundation The foundation manages federal and provincial funds in support of innovative projects.
- Farm Credit Canada Provides business and financial services to farms
- Government Financing Provides information on government programs that provide financing for businesses
