Community Futures East Interlake
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BUSINESS SERVICES
 
 
Community Futures East Interlake offers a number of business and financial services that are customized to meet your needs.
 

 FREE Business Seminars at Community Futures East Interlake
  • Free business seminars covering a wide variety of topics are held at the Community Futures East Interlake Office at 12 Main Street North in Riverton, Manitoba. Seminars are delivered by the Canada/Manitoba Business Service Centre via video conferencing.  All sessions are free.
  • All sessions are tenative. Dates and times are subject to change. To sign up for a session or for more information please contact us at 1-800-378-5106 ext. 1 or by email.
 Free Business Planning Assistance
  • Community Futures East Interlake staff will assist you with the creation of your business plan.  A great place to start is by filling out a business planning workbook.
 Free Resource Library
 Free General Business Counseling
  • Community Futures East Interlake staff is pleased to provide you with any business counseling you may need.  Do you need training is a specific aspect of your business?  If so let us know, we may be able to help you access training. 
 Web-4-All Site - Accessible Internet Access Site
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Community Futures East Interlake is a source of financing for new or expanding businesses that are unable to obtain financing through the traditional means.  CFEI offers the following financial assistance:
  • Loan programs to small and medium businesses
  • Flexible repayment terms
  • Flexible equity requirements
  • CFEI's loans ARE repayable (No grants or forgivable loans)
All businesses that receive assistance from Community Futures East Interlake must be based within the geographic boundaries of the region and meet the criteria of the loan program they wish to apply for. Click here to download the general loan application. (Please note that the Micro Loan Program has it's own application)
 
 
General
Maximum Amount: $150,000
Lending Rate: CIBC's Prime Lending Rate plus 3.0-7.0% (depending on security)
Equity Requirement: 10%
 
 
Entrepreneurs with Disabilities
Maximum Amount: $150,000
Lending Rate: CIBC's Prime Lending Rate plus 3.0-7.0% (depending on security)
Equity Requirement: 5%
 
 
Micro Loan Program
Maximum Amount: $20,000
Lending Rate:  CIBC's Prime Lending Rate plus 3.0-7.0%
Equity Requirement: 10%
 
 
Youth Entrepreneur
Maximum Amount: $25,000
Lending Rate: CIBC's Prime Lending Rate plus 3.0%
Equity Requirement: 5%
Other Conditions: 18-29 years of age
 
 
Fishing Loan Program
Maximum Amount: $10,000
Lending Rate:  CIBC's Prime Lending Rate plus 2.0%
 
 
Other Financing
 
 
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.
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To apply for a loan with Community Futures East Interlake, contact us to discuss your business idea and financing needs.
 
The following list of information must be compiled and submitted to the Community Futures East Interlake (CFEI) office before the process of applying for a loan from CFEI can begin. This information is necessary for the staff of CFEI to effectively complete an assessment of the application. The process of applying for a loan through CFEI will take approximately 4 weeks from the time the information required is received by the CFEI office.
  • Confirmation of Partnership Funding or Refusal of Funding From a Bank, Credit Union or Other Program
  • Financial Summary
  • Personal Financial Statement
  • Security
  • Completed and Signed CFEI Loan Application Form

For more information on the loan application process, click here.

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Click on the following link to use RBC's Loan Calculator.  (HINT: When selecting the payment type please choose "Blended" from the drop down menu.) 
DISCLAIMER: RESULTS ARE ESTIMATES ONLY AND SHOULD BE TREATED AS SUCH.  THE LOAN CALCULATOR WAS NOT CREATED FOR Community Futures East Interlake Inc. USE. 
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The Self-Employment (SE) Program offers assistance to past and current Employment Insurance (EI) recipients wanting to start a business.  The program is designed for individuals who have a workable business idea.

 

The Self-Employment Program is a provincially funded program sponsored by Manitoba Competitiveness Training and Trade and Employment Manitoba.  The SE Program provides financial assistance and management training for individuals who want to start their own business.

 

People who currently receive EI normally lose these benefits when they start a business.  Through the SE Program the client is allowed to establish the business and continue to receive benefits while on the program.  In addition, other unemployed individuals qualifying under the SE program may receive benefits (in the form of a living allowance).  This enables the client to have an income to live on so that they can reinvest profits back into the business.

 

For a complete overview on CFEI's Self-Employment Program click here.
Click here to download Employment Manitoba's Self Employment Program overview.
 
 

 

This website was produced with financial
assistance provided by Western Economic Diversification Canada

 

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