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Community Futures Greater Trail

Growing communities one idea at a time

  • About
    • About CFGT

      • About Community Futures
      • Board of Directors
      • Our Staff
      • Reports and Financials
      • Success Stories
      • Contact Us
      • Privacy Policy
    • Our Programs

      • Self Employment
      • Basin Business Advisors
      • Export Navigator
      • Entrepreneurs with Disabilities Program
      • Community Economic Development
  • Financing
    • Financing Services
    • Applying for Loans
    • Business Loan FAQs
    • Business Loans 101
    • Micro Loans
    • Entrepreneurs with Disabilities Program
    • Redress Policy
    • Loan Payment Calculator
  • Coaching & Advice
    • Coaching & Advice
    • Export Navigator
    • Basin Business Advisors
    • Workshops & Training
    • Business Events & Workshop Calendar
  • Programs
    • Self Employment Program
    • Basin Business Advisors
    • Export Navigator
    • Entrepreneurs with Disabilities
    • Community Economic Development
  • Resources
    • CFGT Business Facilities
    • South Kootenay Business Centre
    • CRE8 Media Centre
    • Links to other Resources
    • Business Events Calendar
    • Entrepreneurial Self Assessment
    • Business Structure & Name
  • News & Events
    • Latest News
    • Coming Events
    • Business Events Calendar

Applying for Loans

You are here: Home / Financing / Applying for Loans

Loan Criteria

The following is taken into account when you apply for a loan:

  • Market potential and future economic viability of the business.
  • Local job creation.
  • Experience related to the venture.
  • Reasonable personal financial investment.
  • Ability to repay.
  • Adequate security for the venture.
  • Creation of a business plan.
  • Location of the business within the Greater Trail Area.

Loan Application Process

Applicants are asked to submit an application and business plan for analysis by our analyst. The business plan may be relatively simple or very complex depending upon the nature of the business. The plan is then evaluated by an analyst and a recommendation is made to a finance committee made up of community volunteers.

Since we are in the business of supporting entrepreneurs, applications may be submitted at any time.

The following is an outline of our lending process:

  1. Contact our office for initial discussions concerning your application.
  2. Develop a business plan, including financial projections.
  3. Complete the required loan application form.
  4. Submit the completed loan application and business plan to our office. Depending upon your business plan and projections, you may also be asked to supply additional information.

Once your loan application has been received you will be notified on the status of your application within two to three business days.

Apply for a Loan

For more information about our Business Loans, visit the Loans FAQs page.

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825 Spokane Street
Trail BC, V1R 3W4

P: 250 364 2595

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