Loans

It takes money to grow.

Whether you’re looking to start a new business or expand an existing one, we’ve got the knowledge and resources to help micro, small, and medium-sized enterprises open doors.

Haida Gwaii Community Futures loans can be for new business start-ups or existing or expanding businesses and may be for as little as $1,000 or up to $2,000,000.

We are committed to supporting the startup and expansion of businesses on Haida Gwaii, including social/non-profit enterprises and community-owned businesses. We are committed to finding our clients the most advantageous business solution.

We work with all islanders, including youth, first nations, and entrepreneurs with disabilities. Speak with us about financing options and solutions that work best for you.

  
    Loan Name
    Paddle Loan
     Canoe Loan
    Stern Paddler Loan
    Haida Owned & Operated Loan
    
Description
  Starter seed loans for new businesses
  Business builder loans for new and existing businessesSyndicated investment loan pool for large loans
  
Amount
  $500 - $10,000
  $10,000 - $150,000
  $150,000+
  $1,000-$150,000+
Interest Rates
  Minimum 6%*
  Minimum 6%*
  Minimum 6%*
    Minimum 6%
Terms
  1-3 years
  3-10 years
  5-10 years
  1-10 years
Equity
  Minimum 5% down
  Minimum 10% down**
  Minimum 10% down**
    Minimum 5% down
Security
  Not required
  Required
  Required
  Required over $10,000
Special Terms
    Mentor required
    None
    Some conditions may apply due to conditions at other institutions
    1.0% interest rate decrease if successfully completed HO&O program
  

* Interest rates may vary as determined by Risk Measurement Scale (see Schedule B of Loans Policy)

**Equity requirements may vary upon risk assessment of loan

***Loan interest rates may qualify for a 1% decrease in rate

Please email a copy of your loan application to business@haidagwaiifutures.ca

Loan Application

Appeals process

HGCF Stern Paddler Loan

Syndicated investment loan pool for large loans

Amount: $150,000+
Interest Rates: Minimum 6%*
Terms: 5-10 years
Equity: 10% down**
Security: Mandatory
Special terms: Some conditions may apply due to conditions set at other institutions

* Interest rates may vary as determined by Risk Measurement Scale (see Schedule B of Loans Policy)

** Equity requirements’ may vary upon risk assessment of loan

Haida Owned and Operated Loan

Amount: $1,000 - $150,000+
Interest Rates: Minimum 6%
Terms: 1-10 years
Equity: 5% down
Security: Mandatory over $10,000
Special terms: 1.0% interest rate decrease if successfully complete HO&O program

* Interest rates may vary as determined by Risk Measurement Scale (see Schedule B of Loans Policy)