The owner of a new business must invest in the
business project being considered as well as prepare to offer collateral
on the loan funds.
A complete business plan must be submitted for
review to determine economic viability. You may obtain a guide to completing
a plan at our office.
The CNP BDC is authorized to make or guarantee
loans to individuals, groups of individuals, companies or Societies whose
activities will contribute positively to business and employment within
the Crowsnest Pass.
Loan Details:
The majority of financing is in the way of term
loans.
Financing is not available to lines of credit.
The maximum amount of financial assistance provided
by the CNP BDC to a single business project cannot exceed $125,000.
The terms of a loan can be customized to your
specific needs.