For small businesses, obtaining financing has never been easy. It has been well documented that the smaller the business, the bigger the challenge. The importance of this issue cannot be overstated because financing is an essential part of operating any business and especially when starting from scratch. Without sufficient access to financing, the staying power of a business and its potential for growth is jeopardized.
Community Futures Strathcona recognizes that the small business sector is a major source of economic output and community development. By providing small businesses access to financing we are able to assist the business play its part in growing the economy and creating more jobs.
Thus far, Community Futures Strathcona has disbursed $25,000,000 with 600 local businesses since inception. These investments have also created or maintained over 2,600 jobs and leveraged approximately $21,000,000 from other sources.
If you are a small business that is unable to secure financing to start or grow your business please review our eligibility requirements and lending procedures to determine if our organization may be able to meet your needs.