COVID-19 Loan Program for Small Business Emergency

Financial Assistance

Loans to a maximum of $20,000 with the following terms:
  • Minimum interest rate of Prime plus 2% (currently 2.95%) or Equivalent to our minimum rate
  • Interest only for up to 12 months
  • No payments for up to first 6 months following approval
  • Maximum amortization/term 60 months
  • Waiver of application fee and admin fee of 2%
Application will consist of:
  • Completed Application Form and Personal Overview Application
  • Government issued picture ID (front and back)
  • Provide a valid business license or approval to operate from the municipal or regional government
  • 2 years of financial statements showing at least one year of profitability with most recent Corporate T2 or Personal tax filing
  • Credit Check on owner(s) and business
  • Personal Guarantees / Co-Borrower and General Security Agreement. In case of not for profit organizations or incorporated companies, an authorized director must sign on its behalf
Eligible Applicants are any business that:
  • Was in operation when emergency commenced and has not been able to operate or has operated at a reduced level for more than 5 days due to the COVID-19 pandemic.
  • Business must be able to demonstrate a loss or reasonably expectation of reduction of business due to the COVID-19 pandemic.
**Business includes for-profit, not-for-profit, sole proprietorships, partnerships and incorporated companies, ranches and farms. **
Ineligible Applicants:
  • Government including federal, provincial, municipalities and regional districts.
Download Full Application Form DOWNLOAD APPLICATION

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Contact Us

Call us at 250-828-8772 or email us at

330 Seymour St.
Kamloops, BC
V2C 2G2

Hours of Operation:
Monday through Friday 8:00 am to 4:00 pm
Closed 12:00pm to 1:00pm