Loan Guarantees
Our loan guarantee program is designed to help businesses access the financing they need to grow and expand their operations. Under this program, we provide guarantees for loans up to $150,000, which can be used for a variety of purposes, including working capital, equipment purchases, and business expansion.
Our loan guarantee program is ideal for businesses that may not qualify for traditional financing due to lack of collateral or credit history. By providing a guarantee for the loan, we can help mitigate the risk for lenders and increase the likelihood that businesses will be approved for the funding they need.
In addition to providing loan guarantees, we also offer a range of support services to help businesses succeed, including business counseling, financial planning, and market research. With our help, businesses can access the resources and expertise they need to thrive and grow.
If you’re interested in learning more about our loan guarantee program and how it can help your business succeed, please don’t hesitate to get in touch with us. We look forward to working with you!
Who Do We Serve?
Visions North works with businesses and organizations in Northeast Saskatchewan and Athabasca Basin. We provide business support services to over 25 communities with the regions under our jurisdiction.
See a list of all regions below..
Working With Visions North
Visions North Community Futures is a non-profit organization with a board representative of the communities we service. Our only goal is to support the businesses in our area.
What are the benefits of Loan Guarantees?
There are several benefits of a loan guarantee for businesses, including:
- Increased Access to Financing: A loan guarantee can help businesses access financing that they may not have been able to secure otherwise, due to lack of collateral or credit history.
- Reduced Risk for Lenders: By providing a guarantee for the loan, the lender’s risk is reduced, which can increase the likelihood of approval for the loan and may also result in more favorable loan terms.
- Improved Cash Flow: With the additional funding provided by the loan, businesses can improve their cash flow and invest in growth opportunities such as new equipment, marketing, or hiring additional employees.
- Business Growth: Access to financing can help businesses pursue growth opportunities that may have otherwise been out of reach, such as expanding into new markets, launching new products or services, or opening additional locations.
- Expert Support: In addition to the loan guarantee, economic development corporations often offer a range of support services to help businesses succeed, including business counseling, financial planning, and market research. This support can help businesses make informed decisions and develop strategies to grow and thrive.
Regions We Serve
- Air Ronge
- Black Lake
- Brabant
- Camsell Portage
- Creighton
- Denare Beach
- Deschambault Lake
- Fond-du-Lac
- Grandmother’s Bay
- Hall Lake
- Island Falls
- Jan Lake
- Kinoosao
- La Ronge
- Missinipe
- Molanosa
- Montreal Lake
- Pelican Narrows
- Sandy Bay
- Sandy Narrows
- Southend
- Stanley Mission
- Stony Rapids
- Sturgeon Landing
- Sucker River
- Timber Bay
- Uranium City
- Weykawin
- Wollaston Lake
Have a Question?
We’re here to help your business succeed! Reach out to one of our experts.
“Visions North is always a great source of information! Not only do they provide me with valuable information, I always feel confident recommending them to others.”
