Financing

Vancity provides a range of financing for organizations in the food sector.  

Small business and start-up loans (microfinance)

  • Be My Own Boss Loan – for small and start-up businesses. This loan helps you establish your business and bring it to a stage where you’re ready for conventional lending. We can approve a business loan based on your entrepreneurial drive, the strength of your idea and the potential of your business plan.
  • Small Growers Loan - is designed to help your farm business get off the ground. We provide loans of up to $75,000 at a competitive rate and approval is based on your character, farming training/experience, skills and knowledge, and the potential of your business plan.
  • Local Food Micro-loan Fun – zero interest loans from $1,000 to $20,000 are offered through FarmFolk CityFolk, in partnership with Vancity. The fund supports growers, harvesters and processors to invest in equipment and materials that increase the supply of food in the region.
  • Microloans for green business – is designed to help start-up entrepreneurs developing green businesses or working on green technologies to be launched. We offer a stepped series of loans tailored to fit a wide range of needs.

Business banking
At Vancity we see beyond numbers and past the bottom line by adding vision, purpose and impact into our calculations. Here are some day-to-day banking services to suit your needs.

Advance Payments Program
In partnership with Vancity, the Small Scale Food Processors Association (SSFPA) offers the Advance Payments Program , a federal government guaranteed loan program that provides cash advances. At this time the SSFPA administers the program for British Columbia vegetable producers, greenhouse operators and fruit growers and Alberta Greenhouse Operators. Please contact the SSFPA for application.

Resilient Capital Program
The Resilient Capital Program is a unique, high-impact investment program with up to $15 million available for qualifying social enterprises like yours, to help build resilient communities. We provide equity capital and loans with flexible repayment terms ensuring Vancity can finally fill a gap between grants, which often help you get your concept off the ground and conventional debt, which helps you sustain growth.

 

Get in touch

We'd love to talk to you about your plans to grow local and organic. Tell us about how we can support your business or initiative: