Micro Loan

Fort Nelson Recovery Program

Micro Loan Initiative

Objective:
The Fort Nelson Recovery Program has introduced a microloan initiative to support local businesses in their recovery efforts. The program integrates microloans and low-interest loans (For larger sum), while also revising repayment terms for existing clients, aiming to strengthen recovery efforts and promote business sustainability in the area.

Loan Details (Micro Loan):

  • Maximum Loan Amount: $5,000
    The $5,000 cap ensures that the loans are manageable for small businesses, enhancing accessibility for those who may not need or be able to handle larger sums.

Eligibility Criteria:
To qualify for a loan under the program, businesses must meet the following requirements:

  • Must have up-to-date financial statements and tax filings for the past three years.
  • The program is designed to encourage financial responsibility and accountability among local businesses.

This initiative aims to provide targeted support to help businesses recover and thrive, with flexible terms designed to meet the unique needs of small businesses in Fort Nelson.

Call 250 782 8748 for details