Community Futures Supports Economic Recovery for Women Entrepreneurs
Strathmore – Community Futures Wild Rose is part of a new provincial initiative giving women entrepreneurs easier access to capital to start or grow their businesses in the local community.
The Alberta Women’s Economic Recovery - Capital Growth Initiative, will offer flexible low-interest small business loans, that will support women entrepreneurs on the road to recovery.
“Many women entrepreneurs experienced setbacks and challenges during the pandemic,” said Chantale Sangster, Executive Director of Community Futures Wild Rose. “This initiative opens the door for women-owned businesses to get back on track and start growing no matter where they are in their entrepreneurial journey.”
Women entrepreneurs will be able to apply for unsecured conditionally repayable loans ranging from 10,000 to $75,000. Eligible costs include operating capital, equipment, leasehold improvements, inventory, non-owner salaries, and professional fees. Successful applicants will also have access to advice and ongoing small business support, and opportunities to develop their skills, manage their business and plan for the future.
Funded by the Alberta Government, this initiative will provide $3 million in grant funding to the Community Futures Network of Alberta (CFNA) to increase lending capital and business advisory supports through its network of independent Community Futures locations across rural Alberta.
The initiative is a collaboration with Alberta Women Entrepreneurs, serving women entrepreneurs in the urban and metropolitan areas of Calgary, Edmonton, St. Albert and Fort Saskatchewan.
For more information visit: https://wildrose.albertacf.com/services/womens-capital-growth-initiative-loan
Media contact:
Chantale Sangster
403-818-2499
