Micro Loans since 1999We've been making small loans to help people create income and build assets for 20 years. If you are looking for financing to start or grow a business or social enterprise, return to work, go to school or build affordable housing - we're here to help. |  |
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"A micro loan has made ahuge difference in my life" |
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 | We love lending people money to go after opportunity, but we also realize that a loan is debt. For businesses, we always recommend a lean start-up. So, consider how you can finance by saving, or by reducing costs. Start small and grow some revenue, create some customers. Then talk to us. |
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Eligibility |
✔ Are you 18 or older
✔ Do you live in southern NB?
✔ Have you tried and been unable to get a loan elsewhere?
✔ Do you have three good references that are not friends or family?
✔ Can you afford monthly payments?
✔ Can you demonstrate the loan will improve your income?
See below for minimum requirements for specific loan types:
Business & Social Enterprise LoanS:
 | ✔ Take a business course (hey, we have one) ✔have a completed business plan that demonstrates knowledge of the product or service ✔have a marketing plan with customer profile and test marketing ✔have your financial actuals and/or projections Apply Here |
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Loans for Employment and or Training:
SJCLF offers support including business training and financing to help people gain employment. Here are the requirements for a employment or training loan:
 | ✔ Loans can be used for anything that can help you get back to work; tools of trade, vehicle, short training course ✔Must have a signed confirmation of employment or evidence of a high probability of being able to secure employment ✔Provide a description of all the costs Apply Here |
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Loans for REAL ESATE DEVELOPMENT:
To develop affordable housing and commercial non-profit spaces in priority neighbourhoods and communities.
  | ✔ Must own a property and or have an identified property and value ✔ Must identify use of the loan ✔ Must have a business plan with construction costs and post construction cash flow ✔ Must demonstrate the capacity to carry out development and then manage property Give us a call and we can walk you through the process, or Apply Here |
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Fees, Loan Decision Process and Timeline
Each loan carries a low administrative fee and an interest rate of the current prime rate plus 3%. Loan decisions are made by a committee and can take up to one month to process depending on your ability to provide all of the necessary information. Employment and Affordable housing loans take, on average, 2 to 4 weeks to process and approve. Business Loans can take up to three months or longer to approve, depending on whether the business plan is finance ready or not.
| For further information, please fill in and submit the form below, or call call 506-652-5626. | * Our loans are not for emergency purposes. If that's your situation, we will refer you to another agency which might be able to assist. |
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