Money to start, buy or grow a Shuswap business.
We have loan funds for commercially viable businesses and projects across the region, and we have been lending here since 1985. Bring us the idea before it is polished.
How much do you need?
Pick the closest amount and we will show you the loan it falls under, how long you have to repay it, and what we will ask for.
Micro loan
A small start, a modest expansion, equipment, renovations or inventory.
Usually repaid within 48 months.
Prime plus a premium, minimum prime plus 2%. A 650 average credit score applies to unsecured lending.
The micro loan application, a cash flow projection, quotes for what you are buying, and your tax returns.
Loans can cover start-up costs, expansion, working capital, equipment and real estate. Eligible not-for-profits and social enterprises can borrow from us as well.
From first call to letter of offer
A standard decision takes two to four weeks once your documentation is complete.
What we look at
| We consider | What that means |
|---|---|
| Market | Real potential for the product or service |
| Jobs | The effect on local employment |
| Place | A location inside the Shuswap region |
| Your stake | An appropriate personal investment, usually 20 to 25% |
| Cash flow | The ability to repay from the business |
| Reinvestment | Capacity to put earnings back in |
| Security | Adequate security and a sound credit record |
| Management | Competent management and relevant experience |
| Track record | Historical performance, for an existing business |
Terms and fees
| Item | Detail |
|---|---|
| Interest | Prime plus a risk-based premium, minimum prime plus 2% |
| Term | Up to 5 years, or 15 years with mortgage security |
| Micro loan term | Usually 48 months or less |
| Credit score | 650 average for each borrower and guarantor on unsecured lending |
| Other lenders first | Ask a bank or credit union before you come to us. You do not have to have been declined |
| Prepayment | No penalty |
| Application fee | $150 per applicant, due when we receive it |
| Phase two fee | 2% of the loan, minimum $500, non-refundable |
| Legal costs | May be additional |
| Payments | e-Transfer, in person at our office, or cheque by mail |
Figures current for the 2025–26 fiscal year. Confirm with our office before you apply.
Not sure which loan fits? Start with the guide.
It sets out every ceiling, the documents to gather and the fees. Then call us and we will take it from there.