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Community Futures Mid-Sask

224 Franklin Street, Outlook, SK - Phone: (306) 867-9566

Image Credit: Credit: Tourism Saskatchewan/Greg Huszar Photography

Criteria, Purpose & Process

Business Loan Criteria 
Guided by our Board of Directors, we take the following into account when you apply for a business loan:
 
  • Location of the business is within the Mid-Sask region 
  • Jobs created/maintained 
  • Ability to repay the loan
  • Offer adequate loan security
  • Market potential and future economic viability of the business 
Loan Purpose 
Whatever your lending needs are, we're here to help. We can lend up to a maximum of $150,000 to any one entity, our loans cover most business-related expenses such as: 
 
  • Start-up capital 
  • Equipment purchases
  • Construction costs
  • Working capital
  • Business expansion
Application Process
Before starting the application process, we encourage you to contact us for an initial consultation. We'll talk about your business and financial needs and make a recommendation for how to proceed with securing a loan. Please note that we can not lend into Saskatoon. Our fixed interest rate is Bank of Canada prime plus 4% - 6%. 
 
Business Coaching
Free business coaching is available to discuss a wide range of topics, such as:
 
  • Business planning
  • Marketing 
  • Cash flow projections
  • Social enterprises
  • Strategic planning  
  • Pathfinding additional business resources