CFDC of CIFN Indigenous Business Loans

Description

Community Futures Development Corporation of Central Interior First Nations (CFDC of CIFN) promotes and provides community economic development support services to Indigenous people within the Central Interior of British Columbia.

CFDC of CIFN is committed to helping Indigenous entrepreneurs through their small business loan program. Business development creates employment, self-sustainability, opportunity for economic growth, experience in personal and business financial management, and community role models.

CFDC of CIFN provides small business loans in General Business Loans, Community Business Loans, Disability Investment Fund, Agriculture Business Loans and Youth Investment Fund.

General Business Loans

Available to applicants for business purposes not covered by any other CFDC of CIFN loan portfolio, up to $125,000.

Community Business Loans

Available to applicants, communities and bands for business purposes, up to $125,000.

Disability Investment Fund

Available to applicants with self-declared disabilities for business purposes, up to $125,000.

Agriculture Business Loans

Available to applicant, communities and band for business purposes. Funds may not be used for existing debt. Maximum loan amount $125,000.00.

Youth Investment Fund

Available to applicants aged 15-29 for business purposes. Maximum loan amount will be determined based on the viability of Business Plan and credit history.

Special Requirements 

CFDC of CIFN serves Indigenous communities within the Thompson, Shuswap, Nicola, Fraser Canyon, Lillooet and Okanagan areas.

This includes persons, groups, or businesses living both on and off reserves as well as in urban or rural settings. The Boards' main objectives include the creation and strengthening Indigenous business development and formation of programming and support measures to prepare Indigenous people entering the labour market.