Biz Start Micro-Loans

Biz Start Micro-Loans

Community Futures Sunrise Low-Interest Micro-Loans For New Businesses (in operation for one year or less)

Biz Start Micro-Loan Program Overview

 

Community Futures (CF) Sunrise’s Biz Start Micro-Loans provide a low interest, flexible, business financing solution for entrepreneurs in the southeast region of Saskatchewan.  CF Sunrise understands that even in a pandemic, entrepreneurs see the opportunity in starting new businesses.  To foster this, CF Sunrise is providing special support to new entrepreneurs in the form of quick, simple, online access to financing for business start-up.

 

Entrepreneurs can apply for this low-interest micro-loan of up to $25,000, with the following terms:

  • Maximum loan of $25,000
  • Interest rate of prime + 2%
  • No principal payments for six months
  • No application fee
  • Repayment over three years, with no penalty for early payout
  • A one-time administration fee of 2%, which can be added to the loan amount

 

Basic Eligibility Requirements

  • Funds will be used to start a business in the CF Sunrise region
  • Funds may not be used to prepay or refinance existing indebtedness
  • The business must demonstrate viability
  • A complete loan application has been submitted

 

If your financing needs are greater than $25,000, please contact CF Sunrise:  sunrise.cfdc@sasktel.net or 1.306.842.8803

 

To apply for a micro-loan, please click on the link below to start the online application process.

 

Please note: Once you submit your application, you will receive an email notification that is confirmation we have received your application and are working on your request.  Rest assured a CF representative will contact you as soon as possible.  Thank you for your inquiry.