Community Futures Alberta — Entrepreneurs with Disabilities
Highlights
This program is designed for you because it offers comprehensive support to help you start and grow your business. You will receive one-on-one business coaching, technology training, and mental wellness resources. These services are tailored to help you overcome any barriers you might face due to health conditions.
What You Get
- Access to loans to fund your business needs
- Training and mentoring to enhance your business skills
- Financial support to ensure your business thrives
Why This Program Stands Out
- Flexible financing options that are more accommodating than traditional loans
- Personalized support to guide you through every step of your business journey
- Easy qualification process designed to be accessible for those with health conditions
By being approved for this program, you will gain the resources and support needed to turn your business idea into a successful venture. This program is not just about financing; it’s about providing a holistic approach to ensure your business succeeds.
Financing Details
Type of Financing: Loan
Repayment Terms and Interest Rates:
- The loan offers flexible repayment terms.
- Interest rates are competitive and vary based on the amount and duration of the loan.
- Specific terms will be provided upon application approval.
Eligible Expenses:
- Business startup costs
- Equipment purchases
- Leasehold improvements
- Working capital
- Technology and software
- Marketing and advertising expenses
Ineligible Expenses:
- Personal expenses
- Debt refinancing
- Real estate purchases not related to the business
- Non-business-related investments
Fees:
- Application fee: $100
- Document preparation fee: $150
- No hidden fees or renewal fees associated with the loan
This loan is designed to help you grow your business by covering essential expenses. It offers flexibility and support, ensuring you can focus on your business goals.
Qualifications
- Must have a self-disclosed disability or ongoing health condition.
- Must live in rural Alberta.
- Must have a viable business idea.
- Must be able to contribute in some way to the business.
Description
This program offers training, mentoring, loans, and other financial support to help you start and grow your business. You will have access to one-on-one business coaching, which can guide you through the challenges of running a business.
You can also get loans to fund your business needs. These loans can be used for various purposes, such as buying equipment, improving your workspace, or covering operational costs. The program also provides technology training and mental wellness resources, ensuring you have the tools and support needed to succeed.
This program is designed to help you every step of the way, making it easier for you to build and grow your business. Take advantage of this opportunity to receive the support you need to achieve your business goals.
Program Steps
Find Your Local Office: Locate the nearest Community Futures office in rural Alberta. You can find this information on their website.
Prepare Documentation: Gather the necessary documents for your application. These include:
- Proof of self-disclosed disability or ongoing health condition
- Business plan outlining your viable business idea
- Financial statements or projections
- Personal identification documents
- Any additional documents requested by the Community Futures office
Contact Your Local Office: Reach out to your local Community Futures office to discuss your business idea and the application process. They can provide guidance and answer any questions you may have.
Complete the Application Form: Fill out the application form provided by the Community Futures office. Ensure all sections are completed accurately and thoroughly.
Submit the Application: Submit your completed application form along with the prepared documentation to your local Community Futures office.
Attend an Interview: You may be asked to attend an interview or meeting with a representative from the Community Futures office to discuss your business idea and application in more detail.
Review and Approval: The Community Futures office will review your application and documentation. They may request additional information or clarification during this process.
Receive Support and Funding: If your application is approved, you will receive access to the program's support services, including business coaching, training, and potential loans or financial assistance.
Implement Your Business Plan: Utilize the resources and support provided by the program to start or grow your business. Stay in contact with your Community Futures office for ongoing support and guidance.