Wednesday October 22, 2014

New opportunity for small business funding


Some changes are coming to existing business loans with the idea of making it easier for businesses in the Battlefords to spruce up in the coming year.

Battleford mayor Chris Odishaw discussed the plan during a June 18 town council meeting. Odishaw had attended the annual meeting of the Battleford Small Business Loans Co-op earlier in the day, which passed a motion on the changes.

Two loan programs of $200,000 each currently provide funds to business owners at an interest rate of six per cent, with funds going towards all different kinds of business enhancement projects, Odishaw said. Changes will see the limit raised from $15,000 to $20,000 per business applying for the initiative. As well, interest-free loans will be offered for the first year, repayable over three to five years.

The changes will help businesses in the Battlefords to spruce up their signage, facades, painting, windows — “anything to enhance the look of the business”, Odishaw said.



NOTE: To post a comment in the new commenting system you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Yahoo, OpenID. You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The The Battlefords News-Optimist welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

blog comments powered by Disqus

Quick Vote

Survey results are meant for general information only, and are not based on recognised statistical methods.



Lost your password?