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CFDC-SC Lending

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Get to Know Us

Community Futures can provide you with a loan or equity investment to initiate, acquire, or broaden a business on the Sunshine Coast. Besides evaluating your application from a financial standpoint, we consider the social and environmental advantages of your business, as well as your personal drive, commitment, and capability to execute your business concept. We deviate from conventional lending practices and are inclined to assume a heightened level of risk compared to conventional financial alternatives. In partnership with other business lenders, local community entities, nonprofit organizations, and municipal government, we are deliberately fostering the expansion and diversification of our coastal economy through impact-oriented financial solutions.

Our Lending 
Process

Learn more about the step-by-step process to obtain a loan with CFDC-SC.

1 

Create an application

Create an application here. Each loan applicant must create their own application.

2

Upload Your Documents

As part of our lending process, we require a Business Plan, Financial Projections (two years), a Use of Funds Statement, and a Personal Financial Statement. All of these templates can be found on our Resources page.

3

Speak to a Business Advisor

The next step is to meet with one of our staff members to go over your loan application and to answer any questions that you might have.

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We may require additional documentation such as your personal and/or business tax returns, your business license and business insurance policy.

4

Application Review

Our staff will review your financial request to CFDC-SC. Requests over $25,000 are reviewed by our Loans & Investment Committee (L&I). The L&I Committee is comprised of experienced local volunteers with various backgrounds. The L&I Committee votes on whether to accept a financial request. In some cases, we ask the entrepreneur to attend the meeting with the L&I Committee.

Ready to start the application process?

CFDC-SC Lending Criteria

We provide character-based loans to entrepreneurs and small businesses who are unable to obtain traditional financing.

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  • We provide loans ranging from $5,000 to $150,000 to businesses operating on the Sunshine Coast of British Columbia.

  • As part of our lending process, we require a Business Plan, Financial Projections (two years), a Use of Funds Statement, and a Personal Financial Statement. All of these templates can be found on our Resources page.

  • We lend based on the 5C's of  Credit (Character, Capacity, Capital, Collateral, Conditions).

  • We conduct credit checks on all our loan applicants as part of our due diligence and unlike banks, as a character-based lender, we consider the strength of the overall loan application and do not necessarily turn away people with lower credit scores.

  • Loans where the applicant has added in their own equity are considered stronger but this is not always required.

  • We require collateral on all loans over $25,000.  

  • Every loan is secured by a General Security Agreement and Personal Guarantees.

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