Investing in Your Bright Idea and Our Brighter Future
We’re a community-minded lender that sees the whole picture and all of your possibilities.
Are you thinking about starting your own business? Or have you been in business for a while and there’s an opportunity you want to take advantage of? Whatever your lending needs, we’re here to help.
With a good plan and enough capital, you can make your business dreams a reality. Our loans cover most business-related expenses, such as start-up capital, seasonal requirements and expansion. We offer flexible lending options and the chance to benefit from business advising so you have your best shot at success. When you thrive, we all thrive.
Am I eligible for a Community Futures loan?
Your needs are unique to your business. That’s why we meet you where you’re at. Getting funding and support for your unique idea should be easy, so we strive to make it that way.
To be eligible for a loan, you should:
- Have a start-up or existing business
- Demonstrate viability through a business plan
- Be in the North Okanagan
- Have a strong management team
- Create or maintain employment
- The ability to repay the loan
- Show personal investment in your business
- Offer adequate loan security
Lending for our Community
Whether you’re an emerging entrepreneur or you own multiple established businesses, you’re working to build a better North Okanagan business landscape.
Community Futures North Okanagan is a not-for-profit business development network dedicated to supporting your efforts. Our loans cover you where others may not.
Our organization is built on a solid track record of helping local entrepreneurs succeed. We’re flexible in our ability to lend to business leaders because we’re driven by purpose and community.
Flexible Loans for Your Unique Business
How We Help
If you’re ready to take the next step with your business, find out how we can support you.
Do you need help during this time of uncertainty? Community Futures North Okanagan has a quick turnaround on business loans up to $25,000. We offer flexible terms and payment schedules to help your business get through the COVID-19 economic slowdown.
- Apply Now: Click here to fill out our online business loan inquiry form
- Loan Application PDF: For the complete loan application form, click here
- Personal Financial Statement PDF: Click here to access the personal financial statement form
Loan Calculator Help...
Using the calculator is straight forward. User enters a "loan amount", "number of months", "annual interest rate". The calculator calculates the number of monthly payments.
The "Payment Method" determines when the first payment is due. With the default selection, "End-of-Period", the first payment will be due one month after the loan is made. If "Start-of-Period" is selected, then the first payment will be due on the loan date.
The term (duration) of the loan is expressed as a number of months.
- 60 months = 5 years
- 120 months = 10 years
- 180 months = 15 years
- 240 months = 20 years
- 360 months = 30 years
Need more options including the ability to solve for other unknowns, change payment / compounding frequency and the ability to print an amortization schedule? Please visit, https://financial-calculators.com/loan-calculator
Currency and Date Conventions
All calculators will remember your choice. You may also change it at any time.
Clicking "Save changes" will cause the calculator to reload. Your edits will be lost.
Need a little more help moving forward?
About Community Futures
From our office in downtown Vernon, Community Futures North Okanagan offers employment, business and economic development services to help residents build their future and the community. We service Armstrong, Coldstream, Enderby, Grinrod, Lavington, Lumby, Mara, Spallumcheen, and Vernon.