The Community Futures Wild Rose
Working Capital Loan Application
For loans up to $25,000
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.
To allow us to process your loan request, please include the following documents:
Loan Fee Schedule
Effective January 1, 2021
Initial Interview / Assessment: Free
Loan Amount $0 - $10,000: Loan application fee $130.00
Loan Amount $10,0001 - $25,000: Loan application fee $250.00
Fees are due at time of application and are Non-Refundable.
Payment of Fee offers no assurance of successful application.
Legal Fees (responsibility of client)
All loans involving land/property held as security will be prepared by CFWR lawyer as per outlined schedule below. All fees can be included in client’s loan and are subject to GST and disbursements.
Proprietor/Partnership: Standard Fees: $500 / Mortgage: $750
Corporation: Standard Fees- $1000 / Mortgage: $1,250
Loan Registration & Misc. Fees
Loan Amount $0 - $10,000: Loan application fee $130.00
Loan Amount $10,0001 - $25,000: Loan application fee $250.00
Fees are due at time of loan approval and are Non-Refundable.
Loan disbursement will occur once registration fees are paid in full.
Change in Security (for each change request): $100 plus any applicable fees - to be added to the loan
Insurance Lapse (Life and/or Business Commercial Insurance): $100 (evidence of reinstatement required). If not reinstated CFWR to pay the premiums on the client's fehalf and add to the loan.
NSF: $50 per occurrence - added to next payment
Interest Rates
Term Loans: Fixed rates of between 7 - 12%, dependent on Risk Assessment and Loan Pricing Model Matrix for each loan.
*Fees are subject to change yearly as approved by CFWR Board of Directors.