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Cooperative Development Services - Financial Programs

The Cooperative Loans and Loans Guarantee Board

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The Cooperative Loans and Loans Guarantee Board provides financial help to co-op organizations. The Board provides loan guarantees to viable co-ops that are unable to get financing on reasonable terms in order to support the growth and development of the sector.

Eligibility Criteria

To be eligible for a loan guarantee co-ops must demonstrate the following:

  • The required financing is not available on reasonable terms from lenders or other sources, even after an effort has been made, but would be available with assistance from Government.
  • The funds will not be used for refinancing or for payment of an existing debt.
  • The loan is for productive purposes and is necessary to the success of the project.
  • There is reasonable evidence that the co-op will be viable and able to repay the loan.
  • Reasonable security is available.
  • Members have sufficient equity so that their risk is at least equal to the amount of the guarantee being requested.
  • Normal co-op principles and business practices are and will continue to be followed.

Terms and Conditions

  • Each co-op applying for financial help is treated as unique.
  • Repayment terms will vary, depending on the circumstances of the co-op.

Making An Application

The Board meets regularly to review applications. Contact Cooperative Development Services for an initial consultation. Staff can also assist you with:

Contact Us:

Cooperative Development Services
Manitoba Growth, Enterprise and Trade
250 - 240 Graham Avenue
Winnipeg, Manitoba R3C 0J7

Phone: 204-724-2616
Fax: 204-948-1558
Toll-free: 1-866-479-6155

Cooperative Enterprises Build a Better World

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