Community Futures North Okanagan has launched an Emergency Loans Relief Program which assists businesses get through the Covid-19 economic slowdown with business loans of up to $25,000.
With flexible terms and payment schedules, CFNO’s program is different from the Canadian government’s emergency business loans program, which has requirements that
some businesses can’t meet, including a minimum $20,000 payroll. The Community Futures program offers interest and payment-free loans for the first 90 days to help businesses get through the initial period and to a place where they can start back up again. The interest rate remains low for the remainder of the payback period.
CFNO is also helping small businesses navigate COVID-19 with support services such as
one-to-one telephone or virtual meetings for business coaching and advice, and updated resources and information through its social media channels.
For more information or to inquire about Community Futures North Okanagan’s Emergency
Loan Relief Fund, contact Scot McNair at 250-545-2215 Ext. 249 or fill out the form available