Vancouver Small Business Micro Lending Success Story
Vancity has been helping entrepreneurs in Greater Vancouver, the Fraser Valley and Greater Victoria with $20.6 million that is estimated to result in 4000 jobs and self-sufficient entrepreneurs.
After drafting a viable business plan, McCully, 43, borrowed $10,000 last September on a four-year repayment plan. By renting space at clinics in East Vancouver and Burnaby, he paid off his loan in January…
Last week the current federal government renewed the program, pledging more than $1.7 million in loan support to both Vancity and Surrey-based Coast Capital Savings, Canada's largest credit union by membership. Via The Vancouver Sun
If you live in the greater Vancouver area make sure to check out this great program to see if it can help you get your business started.