Business loans

Great loans and terms from great people

Community Futures provides a variety of customized, affordable loan options for small business owners and entrepreneurs in rural Alberta, ranging from $500 to $150,000. We are known for saying “yes” when other lenders say “no”, and for having flexible qualification criteria. Our goal is to help you succeed so that our community becomes a better place to live and work.

Get in touch today to find out more about our loans and other services, including free business advice and counselling, low-cost business coaching and business development programs and exceptional tips and tools.

Community Futures loan products – something for everyone: 

Business Loans FAQs

How do I find out if I am eligible for a Community Futures loan?

The best place to start is to schedule an appointment with the Business Analyst at your local Community Futures Office.

General eligibility criteria include:

  1. Your business must be located in a rural community of Alberta
  2. You must be involved in the day-to-day operations of the business
  3. You must be of legal age and a resident of Canada
  4. You must contact a bank first.  If you are unable to secure appropriate financing under reasonable terms elsewhere, contact your local Community Futures Office.

Can I combine Community Futures financing with other borrowing?

If you are looking for a loan for your business, you must contact a bank first. If you are unable to secure appropriate financing under reasonable terms elsewhere, then you may be able to get financing through your local Community Futures office.

Do I need to have a certain amount of money, assets and/or resources before applying for a business loan?

If you are interested in applying for a Community Futures business loan, you must be prepared to make a personal investment. We ask that you provide cash plus security (such as vehicles, equipment, land, buildings, etc.) to back the loan. This shows that you are committed to making your business work.

For more information, contact your local Community Futures office.

Will my credit rating be considered before applying for a business loan?

Yes. All financial institutions including Community Futures will run a credit check on you or your incorporated company to see if you have dealt responsibly with past loans and debt. A bad credit rating is a concern to most lenders, including Community Futures. More information can be found on Industry Canada's website: There are a number of things you can do to improve your credit rating. Feel free to contact us to discuss options.

Am I required to provide a business plan to apply?

Yes. A business plan provides important information about your company's management expertise and viability. Almost all financial institutions, including Community Futures, requires that you prepare a business plan – and we can help you write it, or provide you with useful tips and tools.

A good place to start is look at this Quick Test video to see if your business idea and plan are solid and workable. If the answer is yes, then check out these helpful free tools that walk you through every step of the business planning process.

Learn more from the helpful experts at your local Community Futures office.

Typically, how long does it take to receive a decision on a loan application?

Community Futures strives to provide a decision for each loan application within 10 business days from the date the completed loan application (including all required support information and documents) is received by the Community Futures office.

Contact your local Community Futures office to discuss loan products and to obtain a Loan Application package.

Does the business need to be located in my community?

Community Futures loans and services are available for businesses in rural areas. Your business must be located outside of the metropolitan areas of Edmonton (including St Albert and other communities within the Edmonton Capital Region) and Calgary.

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Get in Touch

Community Futures Yellowhead East
Unit #1, 5023 - 50 Avenue
Box 2185
Whitecourt, AB T7S 1P8


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Communities Served

Alberta Beach, 
Birch Cove, 
Blue Ridge, 
Camp Creek, 
Castle Island, 
Fort Assiniboine, 
Fox Creek, 
Lake Isle, 
Lone Pine, 
Pass Creek, 
Rich Valley, 
Rochfort Bridge, 
Ross Haven, 
Sandy Beach, 
Silver Creek, 
Silver Sands, 
Sunrise Beach, 
Sunset Point, 
Swan Hills, 
Tiger Lily, 
Val Quentin, 
West Cove, 
Windfall Junction, 


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