{"id":237959,"date":"2020-09-25T13:04:00","date_gmt":"2020-09-25T17:04:00","guid":{"rendered":"https:\/\/canada.coop\/financing-your-co-operative-business\/"},"modified":"2022-09-08T11:47:13","modified_gmt":"2022-09-08T15:47:13","slug":"financing-your-co-operative-business","status":"publish","type":"post","link":"https:\/\/canada.coop\/en\/financing-your-co-operative-business\/","title":{"rendered":"Financing your Co-operative Business"},"content":{"rendered":"<p class=\"rtejustify\">Being a co-op means being part of a mutually supportive community that seeks to cultivate the values of sharing and mutual aid without borders. It\u2019s also benefiting from&nbsp;<strong>access to advantageous financing from investment institutions and networks<\/strong>. Without capital, it\u2019s difficult if not impossible to launch a business. One of the strengths of a co-operative network is therefore access to low-cost capital.<\/p>\n<p class=\"rtejustify\">Generally, a financial institution is the primary source of a co-op\u2019s financing. This institution may agree to offer a loan with guarantees, namely your capitals or assets. To be able to develop your co-operative and make it benefit the community, being able to have access to capital for launching your projects is therefore crucial.<\/p>\n<p class=\"rtejustify\">For example, there are co-ops like the&nbsp;<a href=\"https:\/\/cdrq.coop\/financement-coop\" target=\"_blank\" rel=\"noopener\">Fonds Essor Coop<\/a>&nbsp;that can offer you financing up to $250,000 at a very advantageous rate compared to the rest of the industry. In addition, the investment from Fonds is combined with a plan that aims to accelerate the development of your co-operative for optimal development.<\/p>\n<p class=\"rtejustify\"><a href=\"https:\/\/ccif.coop\/\" target=\"_blank\" rel=\"noopener\">The Canadian Co-operative Investment Fund (CCIF)<\/a>&nbsp;is another organization that helps co-ops and their financing. This innovative Fund strengthens Canadian communities by filling the funding gap for co-operatives. By providing independent funding to co-operatives or establishing partnerships with financial institutions, the CCIF\u2019s mission is to contribute to the growth of Canadian co-operatives.<\/p>\n<p class=\"rtejustify\">Lastly, the&nbsp;<a href=\"https:\/\/irp-ppi.ca\/en\/\" target=\"_blank\" rel=\"noopener\">Investment Readiness Program (IRP)<\/a>&nbsp;supports co-operatives with a social purpose that contribute to society, culture, and the environment across Canada. The goal of this program is helping social co-operatives and mutuals increase their ability to access financing that, through the Social Finance Fund, is on the rise in Canada. In addition, Co-operatives and Mutuals Canada can facilitate access to this program to assist you in your financing efforts.<\/p>\n<p class=\"rtejustify\">With the increase of co-op businesses, there are more and more ways to obtain financing for a co-operative. Don\u2019t hesitate to contact financing specialists to assist in the development of your co-op.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Being a co-op means being part of a mutually supportive community that seeks to cultivate the values of sharing and mutual aid without borders. It\u2019s also benefiting from&nbsp;access to advantageous financing from investment institutions and networks. Without capital, it\u2019s difficult if not impossible to launch a business. One of the strengths of a co-operative network [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":237960,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[133],"tags":[136,134,153,137,135,154],"class_list":["post-237959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-co-operatives-development","tag-communication-and-medias","tag-education-en","tag-government-relations","tag-members-engagement","tag-research"],"_links":{"self":[{"href":"https:\/\/canada.coop\/en\/wp-json\/wp\/v2\/posts\/237959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canada.coop\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canada.coop\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canada.coop\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/canada.coop\/en\/wp-json\/wp\/v2\/comments?post=237959"}],"version-history":[{"count":1,"href":"https:\/\/canada.coop\/en\/wp-json\/wp\/v2\/posts\/237959\/revisions"}],"predecessor-version":[{"id":237963,"href":"https:\/\/canada.coop\/en\/wp-json\/wp\/v2\/posts\/237959\/revisions\/237963"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canada.coop\/en\/wp-json\/wp\/v2\/media\/237960"}],"wp:attachment":[{"href":"https:\/\/canada.coop\/en\/wp-json\/wp\/v2\/media?parent=237959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canada.coop\/en\/wp-json\/wp\/v2\/categories?post=237959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canada.coop\/en\/wp-json\/wp\/v2\/tags?post=237959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}