Financing and Capital

Be confident that you have the financing and capital to make your business purchase.

Purchasing a business requires a significant financial commitment. The business must allow you to borrow what you need and still have a wage to support yourself.

You’ll want to be sure that you have sufficient capital for:

  • Acquiring the business
  • Acquisition costs (rent deposits, legal, PST, property tax adjustments)
  • Working capital (inventory, accounts receivable)
  • Contingency funds

If you need financing or access to capital to purchase or expand your business, there are options available.

  • Community Futures provides repayable funding to entrepreneurs for working capital, equipment purchase or lease, and business start-up, purchase or expansion.
  • Banks, credit unions, or private lenders may provide loans.
  • The seller may be willing to finance part or all of the sale.

The Kootenay region offers a plethora of financing and capital options. Aside from numerous chartered banks and credit unions, you can explore financing here:

Community Futures

Community Futures provides financing alternatives to small and medium enterprises when access to credit is a challenge to starting or growing their business.

Columbia Basin Trust

Columbia Basin Trust offers grants and programs to help residents and communities take action on issues that are important to them.

Business Development Bank of Canada

BDC helps create and develop strong Canadian businesses through financing, advisory services and capital, with a focus on small and medium sized enterprises.

Womens Enterprise Centre

Women’s Enterprise Centre is a non-profit organization devoted to helping BC women start, lead and grow their own business. For over 25 years, we have provided business loans up to $150K, plus integrated services including business advice, skills training, mentoring, practical resources and a supportive community to help women business owners gain the skills, mindset, financing and networks they need to realize their business potential.