In general, our requirements include, but are not limited to:
It is important that you understand that each loan requested and each individual applicant is assessed on an individual merit. We may request that you obtain a loan guarantor, and provide cash equity; and or we may require collateral.
CFDC of CIFN is occasionally 'lenders' of last resort and CFDC of CIFN recognizes that, although you may have had credit difficulties in the past, there is a point in each person's life when they need a chance.
CFDC of CIFN looks for character, commitment, collateral and credit in our clients. The reason that character and commitment are listed first is because without those two strengths the other two will not matter.
CFDC of CIFN provides small business loans in General Business Loans, Community Business Loans, Disability Investment Fund and Youth Investment Fund.
Available to applicants for business purposes not covered by any other CFDC of CIFN loan portfolio. Funds may not be used for existing debt. Maximum loan amount $125,000.00.
Available to applicants with self-declared disabilities for business purposes. Funds may not be used for existing debt. Maximum loan amount $125,000.00.
Available to applicants, communities and bands for business purposes. Funds may not be used for existing debt. Maximum loan amount $125,000.00.
Available to applicant, communities and band for business purposes. Funds may not be used for existing debt. Maximum loan amount $125,000.00.
Available to applicants aged 15-29 for business purposes. Funds may not be used for existing debt. Maximum loan amount will be determined based on the viability of Business Plan and credit history.
Any loans exceeding the specified amounts for each category may be presented to the CFDC of CIFN Board of Directors for discussion.
The Indigenous communities cited in the Mission Statement are People living within the Thompson, Shuswap, Nicola, Fraser Canyon, Lillooet and Okanagan areas.
This includes persons, groups, or businesses living both on and off reserves as well as in urban or rural settings. The Boards' main objectives include the creation and strengthening Indigenous business development and formation of programming and support measures to prepare Indigenous people entering the labour market.
While there are subsequent Community Futures Development Corporations within our geographical area, the Community Futures Development Corporation of Central Interior First Nations is dedicated to the unique economic development needs of Indigenous Communities.