Columbia Basin Trust — Impact Investment Fund ### 📋 Eligible Entities - For-profit businesses and social enterprises - Non-profit organizations - Cooperatives and community-based enterprises - Indigenous-owned businesses - Sole proprietors and partnerships - Small to medium-sized enterprises (SMEs) - Must be located in or serve the Columbia Basin region (British Columbia) - Must demonstrate community benefit as core to the business model ### 💰 Funding Details - Loan Amount: $10,000 to $250,000 - Loan Type: Non-dilutive debt financing (repayable loan, not a grant) - Interest Rate: Competitive, below-market rates (specific rates determined per application) - Term: Flexible repayment terms (typically 3–7 years) - Matching Requirements: No formal matching requirement; however, applicants should demonstrate financial commitment or co-investment - Repayability: Full repayment required with interest; no forgivable portion ### 🛠️ Approved Expenses - Business operations and working capital - Equipment and technology purchases - Infrastructure development - Inventory acquisition - Professional services and training - Marketing and business development - Community benefit initiatives integrated into the business model - Job creation and local employment support - Sustainable or green business initiatives - Expenses must directly support the measurable community benefit outcome ### ⚠️ Conditions & Milestones - Community Benefit Test: Must articulate clear, measurable positive community outcomes (e.g., job creation, environmental impact, social services) - Business Viability: Strong business plan demonstrating financial sustainability and repayment capacity required - Reporting & Accountability: Regular financial and impact reporting throughout the loan term - Geographic Requirement: Business operations must primarily benefit Columbia Basin communities - Timeline: Application review typically 60–90 days - Collateral/Security: May be required depending on loan size and risk assessment - Use of Funds: Funds must be deployed within 12 months of loan disbursement - Impact Milestones: Borrower must track and report on promised community benefits (jobs created