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Is this where I come for grants?

No, Community Futures St Paul - Smoky Lake Region provides financial assistance to small businesses in the form of loans. However, there may be some information in the library or that we could access on the Internet that would provide you with the information you need. If we do not have the information you are looking for, we may be able to help you find it.

How long does it take to get a loan?

Community Futures St Paul - Smoky Lake Region strives to process loan applications as quickly as possible. As the needs of each client varies, so can the loan application process. Once the client has provided a business plan and other necessary information to our Business Officer, the proposal can be assessed. The loan is then presented to the Board of Directors for a decision.

Do I need a down payment to borrow money from Community Futures?

Each loan request is analyzed on its own merit. Therefore the equity requirement to secure a loan with us is flexible. However, the more equity provided the better the chances are that the loan may be granted.

I am thinking of starting a business, what do I need to do?

There are many steps in starting a business. Some clients already have an idea in mind. Others are starting from scratch. No matter which step you are on, Community Futures St Paul - Smoky Lake Region can help. Whatever your requirements may be, contact the office nearest you to find out how we can assist you in the process. From planning to implementing, from marketing to bookkeeping, we can help your small business, even if is only at the idea stage. If you are not sure what business you would like to start, come in and browse through our business library which has hundreds of ideas.

How much money is available to me through Community Futures?

We have the ability to lend up to $150,000 in repayable financial assistance for new and/or existing businesses. There is also a Western Youth Entrepreneur program which has access to small business loans up to $25,000.

Who is eligible for a Youth Loan?

If you live in our region and are between the ages of 18 to 29, you may be eligible. You should also have a creative business plan or idea and be interested in financial independence.

Our organization has trouble keeping volunteers and conducting effective meetings. Can your organization help us?

Yes, part of our mandate is to provide services to community groups. We may work directly with your organization or put you in touch with another office that would better suit your needs.

Is there anyone in the region that can help our community with economic development?

Yes, Community Futures St Paul - Smoky Lake Region would be very interested in working with your community. We may help community leaders and residents develop a plan. Once the plan is in place, we can also help implement it in order for the community to reach its economic development goals. We also have contact with other federal and provincial organizations that can assist your entire community or the groups within.