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FAQ
General
1. Where is Community Futures East Interlake located?
2. What Services does Community Futures East Interlake provide?
3. What is Big Online?
Business & Financial
1. Does Community Futures East Interlake provide any grants, forgivable loans or non-repayable funding?
3. What are the terms and conditions that apply to Community Futures East Interlake funding?
4. Is collateral or equity required for a loan?
5. What interest rate is applied to a loan?
6. What is the maximum amount of funding I can receive?
7. What are the necessary requirements for a loan application?
8. How lengthy is the loan application process?
9. What can loan proceeds be used for?
1. Where is Community Futures East Interlake located?
Main Office:
12 Main Street North
Box 10
Riverton, Manitoba
R0C 2R0
Phone: 204-378-5106
1-800-378-5106
Satellite Offices:
A staff member will be available in Teulon on the 2nd Friday of every month at:
44- Fourth Street S.E. (Town of Teulon Municipal Office)
Box 69
Teulon, Manitoba
R0C 3B0
Drop in or call 1-800-378-5106 to make an appointment.
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2. What Services does Community Futures East Interlake provide?
Assistance is available in the following areas:
 Business Services:
- Financial Assistance to New or Expanding Businesses
- Free Business Planning Assistance
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- Free General Business Counseling
Community Support Services:
- Community Planning
- Market Surveys & Data Collection
- Funding Applications
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Research Assistance
Other Services:
Big Online is an on-line database containing over 75,000 funding sources in North America. This tool can be used to search for funding from corporations, foundations and government. There is also a writing resource centre with proposal templates, examples of funding proposals and more.
Community groups/organizations that are seeking funding for their specific project and have a plan can access this database FREE of charge through the Community Futures East Interlake office. To use the system project plans and budgets must be completed prior to use.
For more information or to book an appointment contact us.
Business & Financial
1. Does Community Futures East Interlake provide any grants, forgivable loans or non-repayable funding?
No, the financial assistance we offer comes in the form of repayable loans to new or expanding businesses in the region.
2. What Loan Programs are available?
The loan programs that are available are:
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3. What are the terms and conditions that apply to Communtiy Futures East Interlake funding?
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4. Is collateral or equity required for a loan?
Yes, each loan program has a different equity requirement. They are:
- General – 10%
- Western Youth Entrepreneur – 5%
- Entrepreneurs With Disabilities – 5%
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5. What interest rate is applied to a loan?
- General – CIBC’s Prime Lending Rate plus 2%-3%
- Western Youth Entrepreneur – CIBC’s Prime Lending Rate plus 2%
- Entrepreneurs with Disabilities – CIBC’s Prime Lending Rate
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6. What is the maximum amount of funding I can receive?
- General - $150,000
- Western Youth Entrepreneur – $25,000
- Entrepreneurs with Disabilities - $150,000
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7. What are the necessary requirements for a loan application?
While the requirements vary slightly for each different type of loan program, there are fundamental requirements that are needed regardless of what type of loan you are seeking.
Loan Application Process Requirements
8. How lengthy is the loan application process?
The process for applying for a loan through Community Futures East Interlake will take approximately 4 weeks from the time the information required is received by the Community Futures East Interlake office.
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9. What can loan proceeds be used for?
Loan proceeds can be used for a number of business start-up or expansion requirements. There are, however, established general lending guidelines that specify what the loan proceeds can be used for.
General Lending Guidelines
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10. Does Community Futures East Interlake help with the formation of a business plan?
Yes, our staff is well equipped with the tools needed to help you with your business plan. We provide you with a comprehensive resource library and business planning workbook that makes it easier for you to create your business plan.
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Contact us to make an appointment to discuss your business idea and financing needs.
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12. Where do I have to live to receive funding or assistance?
You do not have to live in the Community Futures East Interlake region to receive funding. The business however must operate in the region.
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