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.
"A micro loan has made a
huge difference in my life"
|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.|
✔ 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:
✔ 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 projectionsApply Here
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
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
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.|