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. 

http://communityfutureskootenay.com/


Columbia Basin Trust

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

https://ourtrust.org/grants-and-programs-directory/


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.

https://www.bdc.ca/en/pages/home.aspx