Financial Support, Grants, Business Funding
In Wood Buffalo, there are many opportunities to acquire business loans from most financial institutions in the area. Further, government loans are offered as a funding program with specific legalities about how to qualify. It is often required that you pay back the loan, plus interest, whether it is issued by the government or a private funder, such as a bank or an angel investor.
In most cases, you will need to meet eligibility to receive a business loan, such as a great credit rating, assets for collateral and a strong business plan to share your vision and commitment as a personal investment.
For more information on specific loan and grant programs in the area, visit:
Fort McMurray Chamber of Commerce
Discover the local Wood Buffalo Chamber of Commerce and its ability to assist you with your business development needs.
Community Futures Wood Buffalo
Community Futures provides plenty of customized, affordable loan options for small business owners and entrepreneurs in Wood Buffalo/Northern Alberta.
Explore the government funding programs list that supports small business development in Alberta.
Alberta Business Loans (ABL)
ABL is an alternative lender that works with banks and private investors, helping entrepreneurs achieve business ownership through financing. If you’re looking for funding for your business, start by exploring different types of financing available in Canada. Through doing your own research, you can decide which loan may best suit your needs.
Other sources for business funding in Canada include:
Discover mentoring and business resources geared toward entrepreneurs.
Alberta Women Entrepreneurs
This non-profit organisation is dedicated to providing women with unique services ranging from all stages of business through business loans, consulting efforts, finance mentoring, skills and network development.
Canadian Small Business Financing Program
The Canada Small Business Financing Program works with financial institutions to encourage financing for small businesses.
Canada Business Network
The Government of Canada provides an extensive (and free!) list of regional and federal public funding opportunities in Canada.
In Wood Buffalo, the Economic Development Business Centre is considered a one-stop shop for all local, municipal businesses in need of small business support, including assistance with recovery due to the 2016 Fort McMurray Wildfire.
The business centre has partnered with several local stakeholders in order to provide everything from basic office supplies to meeting and boardrooms. Businesses can also seek consulting advice and insurance information, and connect with business mentors to help them get back on track.
For more information on loan programs specific to wildfire evacuees, visit:
- Wood Buffalo Business Resource Centre
- Business Recovery Hotline (1-855-RMWB BIZ)
The hotline is designed to provide business owners access to information resources. It also helps identify their specific needs to get their businesses operational after the devastating fire.
- Business Development Bank of Canada
The BDC offers assistance for those businesses affected by the wildfires by providing capital loans. For more information, visit the BDC website. For more information on financial support, visit:
- Red Cross
- Alberta Works
- Alberta Treasury Branch (ATB Financial)