Financing
“Luck is where preparation meets opportunity.”
Our average deal size is
$60,532
Our largest investment loan
$1,600,000
Investment fund – Assets under Management is valued at
$12,372,000
Since 1984 we’ve made $47MM in nominal investments, and provided over 1,642 equity, loan, and guarantee deals to businesses in the South Okanagan & Similkameen.
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 Community Leaders make the decision on your application
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
Vancity Social Enterprises Toolkit
The Legal Steps to Buying a Business
Selling Your Business
Financial 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.
Contact Us Now
102-3115 Skaha Lake Rd,
Penticton, BC V2A 6G5
(250) 493-2566
Acting as a catalyst for initiating and coordinating community economic development and facilitating entrepreneurship, training, and educational opportunities to enhance the socio-economic diversity and well-being of our communities.
© 2022 Community Futures Okanagan Similkameen