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Newcomers Loans


Helping you start your new life in the North Okanagan.

Community Futures North Okanagan will provide loans to eligible newcomers in the North Okanagan, to help them and their families adjust to a new life in the region.

Loans will be used to support settlement in the community, employment-related costs, housing or education.

The funds can be used for many things, but typically will be used for: a rental deposit, vehicle, tooling or clothing needed to start a job, clothing needed to attend school, items needed to equip the family with necessary clothing for a Canadian winter, basic furniture, food staples and cleaning supplies to set up new home.

Request a consultation with our Business Services Team >

Loans That Meet Your Needs

How We Help

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Am I eligible for a Newcomers Loan? 

Applicants must have their Permanent Residency Status or be a Canadian Citizen.

Must show proof of full-time, non-seasonal employment (employment confirmation letter).

Application and approval process:

  • Loans will range from $2,500 to $25,000 depending on need and circumstance.
  • Applications are available on the CF website and appointments booked using the booking app.
  • The Community Futures Business Analyst then sets up an appointment to meet with the Candidate to discuss their needs for resettlement in Canada.
  • Loan proceeds are issued by direct deposit to the applicants bank account
  • The applicant is required to provide a copy of the rental agreement, Bill of Sale or other evidence of loan fund expenditures within 30 days of release of the proceeds.

Ready to get help settling in to your new home?