Small Business Loans

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" rowspan="2" width=210 BGCOLOR="#99CC99" TEXT="#080000" bgproperties="fixed" background="04a8dfc3.jpg"> <div> <B><IMG SRC="0d2938e0.png" border=0 width="147" height="142" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></B></div> <bR> <div> <A HREF="http://www.ei.gov.sk.ca/SBLA" TARGET="_top" TITLE="http://www.ei.gov.sk.ca/SBLA"><U><B><U>SBLA Program</U></B></U></A></div> <bR> </td> <td valign="top" colspan=2 height=82 BGCOLOR="#CCCC99" TEXT="#080000" bgproperties="fixed" background="04b8dfe1esnpes.jpg"> <div> <FONT SIZE="5" COLOR="#336666" FACE="Arial" ><B>Prairie To Pine REDA</B></FONT><B>     </B><B>|</B><B>     </B><A HREF="index.htm" TARGET="_top" TITLE="Prairie To Pine REDA"><U><B>home</B></U></A></div> <div> <A HREF="id19.htm" TARGET="_top" TITLE="Contact Us"><U>Contact Us</U></A>   |   <A HREF="id34.htm" TARGET="_top" TITLE="Executive"><U>Executive</U></A>   |   <A HREF="id20.htm" TARGET="_top" TITLE="Members"><U>Members</U></A>   |   <A HREF="id35.htm" TARGET="_top" TITLE="Committees"><U>Committees</U></A>   |   <A HREF="id125.htm" TARGET="_top" TITLE="Tour of Artisans"><U>Tour of Artisans</U></A>   |   <B>Small Business Loans</B>   |   <A HREF="id127.htm" TARGET="_top" TITLE="Community Projects"><U>Community Projects</U></A>   |   <A HREF="id160.htm" TARGET="_top" TITLE="Business Directory"><U>Business Directory</U></A>   |   <A HREF="id83.htm" TARGET="_top" TITLE="REDA Links"><U>REDA Links</U></A>   |   <A HREF="id25.htm" TARGET="_top" TITLE="Other Links"><U>Other Links</U></A>   |   <A HREF="id129.htm" TARGET="_top" TITLE="Your Comments"><U>Your Comments</U></A></div> <div> </div> </td> </tr><tr> <td valign="top" height=398 colspan=2 BGCOLOR="#CCCC99" TEXT="#080000" bgproperties="fixed" background="04b8dfc3.jpg"> <div> <I>Small Business Loans</I></div> <bR> <div> <I>Small Business Loans</I><FONT SIZE="3" COLOR="#000000" FACE="Arial" > </FONT></div> <bR> <div> Prairie to Pine REDA strives to promote entrepreneurship and small business development throughout the region. The Small Business Loans Association Program is one way we can assist. </div> <bR> <div> <B><U>Loan Information</U></B> </div> <bR> <div> <IMG BORDER="0" SRC="Wing0a73007700f000000000.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Loans of up to $15,000 </div> <div> <IMG BORDER="0" SRC="Wing0a73007700f000000000.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Interest rate equal to the current Prime Rate </div> <div> <IMG BORDER="0" SRC="Wing0a73007700f000000000.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Pay back terms of up to 5 years </div> <div> <IMG BORDER="0" SRC="Wing0a73007700f000000000.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">The loan can be used for the purchase of inventory, equipment, land, buildings, furniture, fixtures, and/or renovations </div> <div> <IMG BORDER="0" SRC="Wing0a73007700f000000000.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Non-eligible business types and expense include: </div> <div>       -  Direct farming, direct selling or multilevel marketing </div> <div>       -  Exploratory </div> <div>       -  Charitable organizations </div> <div>       -  Residential real estate </div> <div>       -  Operating expenses of any business </div> <div> <IMG BORDER="0" SRC="Wing0a73007700f000000000.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Clearly set out in the security area of the form what collateral (ie. Vehicle, personal property, etc.) is being given for the loan. For example, if it is a vehicle you are using for collateral, we require a copy of the SGI vehicle registration to be assured of the ownership of the vehicle so that we are registering our security against the correct serial number. </div> <bR> <div> <B><U>Requirements</U></B> </div> <bR> <div> All applicants will be required to submit the following:</div> <bR> <div> <IMG BORDER="0" SRC="Wing0a73007700f000000000.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">A completed Application Form for Financing, a Demand Promissory Note, and Security Agreement (If the borrower is a registered corporation, each shareholder will also be required to complete a Guarantee Form) </div> <div> <IMG BORDER="0" SRC="Wing0a73007700f000000000.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">A comprehensive business and marketing plan </div> <div> <IMG BORDER="0" SRC="Wing0a73007700f000000000.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">A $60.00 nonrefundable application fee</div> <bR> <div> <B><U>Approval Process</U></B> </div> <bR> <div> <IMG BORDER="0" SRC="Wing0a73007700f000000000.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">The local SBLA Committee will review the completed application package and their recommendation will be passed on to Regina </div> <div> <IMG BORDER="0" SRC="Wing0a73007700f000000000.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">The SBLA committee in Regina will review the application and will put forward the final recommendation on the application </div> <div> <IMG BORDER="0" SRC="Wing0a73007700f000000000.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">The applicant will be contacted by our office as to whether or not the loan has been approved </div> <div> <IMG BORDER="0" SRC="Wing0a73007700f000000000.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">The entire process will take approximately 3-4 weeks</div> <bR> <div> More information <FONT SIZE="3" COLOR="#006666" FACE="Arial" ><A HREF="id19.htm" TARGET="_top" TITLE="Contact Us"><U><U>CONTACT US</U></U></A></FONT></div> <bR> </td> </tr></table></body>