Why do you provide business loans?

As outlined in our promotional video, what if there was no shift in the way we do business? What if there was nothing new brought to market? What if there were no dreamers, visionaries or entrepreneurs? If nobody asked “what if”, what a boring world it would be. We are Community Futures Strathcona, an organization that provides affordable and flexible financing to help you start, expand or buy a small business.

If you’re willing to ask “what if?”, we may well ask you “why not?”

Not only because we believe small businesses are a vital job creator for our local economy but also due to the fact that obtaining financing has never been easy – the smaller the business, the bigger the challenge, especially when starting from scratch.

We understand these challenges and we have the flexibility to help you obtain a financing solution that meets your needs. It’s time to apply! Simply complete the loan application below and submit with your business plan.

Am I eligible?

To apply you must be unable to obtain all or a portion of the required financing from a bank or credit union and locate the business within the Comox Valley or Strathcona Regional District.

apply now call for info (250) 830-0999

Start a Business

Starting a business from scratch can be an exciting and rewarding experience. You’ve thought about your idea extensively, you’ve done the market research, you’ve prepared a great business plan and you’re ready for financing.

But the banks declined your loan application because you’re a start-up business. Wait….What? This idea is a winner and I’ve done the work – tell me I didn’t just waste all that time.

Not to worry, although a bank typically considers a new business incredibly risky and they do not want to take on that risk; they are supportive of entrepreneurial activity and will refer you to Community Futures Strathcona.

We have over 30 years of experience finding financing solutions for new businesses by focusing on character and capacity. If you’re planning to start a business in the Comox Valley or Strathcona Regional District and you’re unable to obtain financing from a bank or credit union please fill out our loan application or call us today! We can help get your business started.

Expand a Business

For the past three years you’ve happily dedicated yourself to your business and now you’re in a position to be rewarded for all of your effort. You approach the bank with your financial statements and explain your exciting new plans for future growth.

But the banks declined your loan application because historical cash flow does not support the addition of new debt. Wait…..What? This is the break I’ve been waiting for and now I’m told I can’t grow because of what happened a year ago – this doesn’t make any sense?

Not to worry. Typically a bank is more likely to lend to a business with historically strong cash flow capable of satisfying new monthly debt payments. Of course you will say “but that is why I need the loan – to grow my business and improve cash flow”. The banks understand this but are limited to historical and existing information because there are too many unknowns with anticipated projections; however, they are supportive of entrepreneurial activity and will refer you to Community Futures Strathcona.

We have over 30 years of experience finding financing solutions for small businesses looking to expand. Think of it like driving a car. Not only do we look in the rear view mirror but out the front window as well. We take into consideration the historical statements but we will also look at your projections to determine the viability of adding new debt and the improvements proposed.

If you’re planning to expand a small business in the Comox Valley or Strathcona Regional District and you’re unable to obtain financing from a bank or credit union please fill out the loan application below or call us today! We can help with your expansion plans.

Buy a Business

You’ve been working at a business for 15 years and the owner is ready to retire and sell. Being a key employee you know everything there is to know about the business from operations, to financials, to key customers and key suppliers. You can do this.

You talk to the owner about purchasing the business and he can’t be more excited knowing that the business will be in good hands. The owner takes you to the bank that he’s had an account with for 30 years to help you get the financing necessary to purchase.

But the banks declined your loan application because they won’t finance goodwill. Wait….What? The business has been around for 30 years, name recognition is apparent, there’s a loyal customer base, there’s value there.

Not to worry. The banks will typically not lend against unsecured money. The good news is that they are supportive of entrepreneurial activity and will refer you to Community Futures Strathcona.

We have over 30 years of experience finding financing solutions for the purchase of a business. We understand sellers want some of the ‘sweat equity’ returned and we understand buyers are prepared to recognize the goodwill. We can work with the banks to close the sale by having the bank finance the tangible assets and Community Futures Strathcona finance the goodwill because we are capable of considering offsets in the strength of debt service and personal assets. As well, if the purchase is for $150,000 or less we can look at financing the whole amount.

If you’re planning to purchase a small business in the Comox Valley or Strathcona Regional District and you’re unable to obtain financing from a bank or credit union please fill out the loan application below or call us today! We can help with the purchase.

apply online call for info (250) 830-0999
Management

CFS assessed the viability of Wayward Distillation House by focusing on the industry, barriers to entry, character of the management team, and the long-term outlook for craft distillers…

client insight
111198

Strathcona/Comox Valley Population.