When your local Community Futures staff and volunteer board assess the merits of your loan application, they take into account our own version of the classic banking industry guidelines called “The Five C’s of Lending”: Character, Capacity, Conditions, Capital and Collateral."
Because we are developmental lenders – and because community economic development is our number one priority – we are able to interpret and prioritize lending criteria a bit differently than traditional banks.
Community Futures EDP Assistance and Loans
Although preference is given to business owners applying for Community Futures loans, you may still be eligible for EDP assistance. You will need to meet with a Community Futures Business Analysts to verify that your business has the potential to succeed and that you need extra support. Contact your local Community Futures for more information.
Rise Business Lending
We have partnered with Rise to launch Rise Vancouver, offering business start-up services to individuals experiencing barriers to meaningful employment as a result of mental health and addiction challenges. Since its inception in 2010, Rise has disbursed over $1.6 million to 400 clients, with a 92% repayment rate. A national charity with 11 locations across Canada, Rise works with over 350 volunteer coaches and mentors to ensure that clients receive the wraparound services needed to succeed.
Visit Rise's website for more information.
