Businesses in the Regional Municipality of Wood Buffalo (RMWB) will have access to a new loan program through Community Futures Wood Buffalo.
The program is being designed to meet the needs of businesses in the Regional Municipality of Wood Buffalo that are in recovery or want to help with the rebuild and recovery of the region.
“Community Futures Wood Buffalo Region is uniquely positioned to deliver the Wood Buffalo Recovery Loan Partnership program to businesses throughout the region requiring timely access to financing in order to expedite their recovery timeline and/or take advantage of new opportunities presented in the region,” said Community Futures Wood Buffalo Chair Matthew Creighton.
The RMWB is providing a $2 million grant through their Community Investment Program, to Community Futures Wood Buffalo for the delivery of this program, which is the direct result of a collaboration between local businesses, support organizations and lenders.
“We are confident that this program is complementary to existing resources for the businesses in this region that are working hard to recover and grow,” said Kelly Hansen, Economic Development Manager for the Recovery Task Force. “The program fills a gap in what’s available from traditional lenders and will help Community Futures Wood Buffalo continue to support new and existing business owners.”
The funds will also support the development and expansion of the services at Community Futures Wood Buffalo.
How to apply
The Wood Buffalo Recovery Loan Partnership program ensures timely access to capital not normally available through traditional lenders.
Business owners are invited to apply for the program through Community Futures Wood Buffalo starting on June 1, 2017 through till September 30, 2018.
Completed applications will be reviewed within 10 days.
The program is available to all urban, rural and indigenous businesses in the region.
- Completed business case or plan demonstrating potential for commercial viability of the business
- Resident Business License or Professional License (if applicable)
- Demonstrated commitment by your company’s management team
