Financing

“Luck is where preparation meets opportunity.”

Our average deal size is

$50,000

Our largest investment has been

$1,600,000

Investment fund – Assets under Management is valued at

$10,983,000

Since 1984 we’ve made $45MM in nominal investments, and made over 1,613 equity, loan, and guarantee deals.

We recommend that you book an appointment with an Advisor prior to applying.

The CFOS Financing Process

 01 Meet An Advisor

 02 Present Your Application

 03 Receive Support

or appeals process

Financial Resources

Community Futures Loan Application Document Requirements

New Business Loan

Please be prepared to provide the following:

  • Business plan*
  • 3-year financial forecast*
  • Intended use of funds
  • Personal financial information
  • Personal identification
  • Other documents as requested by the Loans Manager depending on your situation
  • Loan application

Existing Business Loan

Please be prepared to provide the following:

  • Business plan including the history of the business along with any plans for expansion*
  • 3-year financial forecast*
  • Previous years’ financial statements (up to 3)
  • Proof of taxes filed and paid
  • Intended use of funds
  • Personal identification
  • Other documents as requested by the Loans Manager depending on your situation
  • Loan application

*Please contact us for templates and information on our Business Plan Development Training

How to Start a Co-op

The Legal Steps to Buying a Business

Debt to Income Ratio Calculator

https://www.debt.ca/calculators/debt-to-income-ratio-calculator

Appeals

Should an applicant’s proposal for financial assistance be declined, the applicant shall have the option of appealing the decision by making a written presentation to the Community Futures Okanagan Similkameen Board, clearly stating why you feel the decision or your treatment was lacking.

If the application is subsequently rejected by this second review, the applicant shall have no further recourse to appeal.
Applicants have the option of re-applying for financing with a new and complete application package at any point following a rejection. The application will be considered as a new application.

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© 2021 Community Futures Okanagan Similkameen