Loan Funds

Our Mission

Working in the north east to achieve development in business and communities.

Our Goals

• To be an important resource in job creation
• To provide a network of information
• To be a proponent of the importance of economic development.

Start your own business with help from Newsask

Why work for someone else when you can start your own business? Newsask Community Futures Development Corporation can help you create your own employment by helping you start your own business. Whether you're a new entrepreneur, a youth, or a person with a disability, you may be eligible for business financing through Newsask Community Futures. Newsask can help you create or expand your business and provide you the freedom that only self-employment can offer. Call us today!

Financial Assistance

• Loan interest rate set at Bank of Montreal prime + 3% per annum or a minimum of 8% per annum, which ever is higher.
• Flexline interest rate is set at Bank of Montreal prime + 4% per annum or a minimum of 9% per annum, whichever is higher.
• Lending maximum of $150,000 per business; loan application fees apply based on the amount of the loan.
• One to five year terms available for up to ten years for land and building.
• Self-Employment program for people on Employment Insurance or who have been in the last three years and are currently unemployed.
• Loans, loan guarantees and equity investment.

Youth Loan Fund

• Available to entrepreneurs between the ages of 18 and 29.
• Loans, loan guarantees or equity investments available.
• Interest rate set at Bank of Montreal prime + 3% per annum or a minimum of 8% per annum, whichever is higher.
• One to five year terms available.
• Loans available up to $25,000 per youth entrepreneur.
• Loans, loan guarantees or equity investments.

Disability Loan Fund

• Available to assist entrepreneurs with disabilities or expanding their own businesses.
• Interest rate set at Bank of Montreal prime + 3% per annum or a minimum of 8% per annum, whichever is higher.
• One to five year terms available.
• Lending maximum of $150,000 per business.

Small Business Loans Association

• Available to clients whose communities do not have an SBLA or funds to lend.
• Loans available for the purchase of capital assets up to a maximum of $15,000.
• Interest rate of 10% per annum.
  
  
• Rates subject to change without notice