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Business Loans
Community Futures
Lethbridge
can lend
up to $150,000 to any one business, for working capital, inventory,
equipment, renovations, expansion, etc.
Interest
rates are based on a risk/return analysis and are comparable with other
financial institutions. Repayment terms are anywhere from six months to
a maximum of five years, and will be negotiated in the best interest of
the small business.
Clients
need to demonstrate a serious commitment to the business by investing
personal funds or assets, and being prepared to meet financial obligations
even if the business fails. Clients must exhibit a history of honesty
and integrity in their dealings with creditors and other business contacts.
Special
youth investment fund provides $25,000.00 maximum loans to youths between
the ages of 18 and 25.
Entrepreneurs
with Disabilities fund provides $150,000 maximum loans to persons with
disabilities in opening a business.
Further
information about these funds or special programs may be obtained
by contacting our office.
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