Loan Funds

Our Mandate:
To be the region's leader in fostering job creation through business creation and expansion.

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
• Interest rate set at Bank of Montreal Prime + 3% locked in for five years.

•Lending maximum of $150,000 per business; loan application fee of $50.00

•One to five year terms available or 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.

•Alternative financing for businesses who are unable to obtain suitable assistance elsewhere.

•Various other Loan Funds are available.

•Interest rates are locked in for the term of the loan to ensure the client is not vulnerable to higher interest rates.

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% locked in for the term of the loan.

•One to five year terms available.

•Loans available up to $25,000 per youth entrepreneur.

•Loans, loan guarantees or equity investments.

•Interest rates are locked in for the term of the loan to ensure the client is not vulnerable to higher interest rates.

Disability Loan Fund
• Available to assist entrepreneurs with disabilities in establishing or expanding their own businesses.

•Interest rate set at Bank of Montreal Prime + 3% locked in for the term of the loan.

•One to five year terms available.

•Lending maximum of $150,000 per business.

•Interest rates are locked in for the term of the loan to ensure the client is not vulnerable to higher interest rates.

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 6% per year.