2024 Jasper Wildfire Complex Recovery Loan
Introducing our 2024 Jasper Wildfire Complex Recovery Loan, a tailored financial solution designed to support existing businesses in the Municipality of Jasper and Jasper National Park as they navigate and recover from the recent wildfire. This program offers flexible loan amounts ranging from $5,000 to $15,000 with generous terms including an initial 6-month interest-free and payment-free period, followed by a fixed low-interest rate of 4%. Our goal is to provide swift and accessible funding to help businesses stabilize and thrive, with simplified approval processes and support mechanisms in place. Whether you need to replenish inventory, repair damages, or invest in operational enhancements, our 2024 Jasper Wildfire Complex Recovery Loan is here to assist you every step of the way towards a robust and resilient future.
Loan Program Overview
Loan Amounts:
Minimum: $5,000
Maximum: $15,000
Loans may be disbursed in increments of $5,000 per quarter, up to $15,000 total.
You don’t need to fully repay previous draws before receiving additional funds.
Loan Terms:
Duration: 1 to 3 years, with annual reviews.
Interest Rate: 4% for the term of the loan.
Interest-Free Period: The first 6 months (180 days) are interest-free.
Payments: No payments required for the first 6 months. Payments will include both principal and interest and start on the 181st day of the loan
This loan program closes on August 19, 2025.
Fees
Loan Application Fee: $100
Additional Loan Draw Fee: $50 per accepted draw.
Other applicable fees will follow our current fee schedule.
Prerequisites
Eligible Businesses: Must be an existing business with an active Municipality of Jasper and/or Parks Canada business license.
Financial Requirements: Provide financial statements for the past 12-24 months.
Recovery Plan: A short-form Recovery Plan is included in your application.
Application: To be completed through our online portal.
Financial Projections: 12-month cash flow projections are required.
Disclosure: All amounts owing by the business, including accounts payable, must be disclosed and current statements may be requested
Collateral: Current assets unaffected by the wildfire, may be used as collateral.
Reporting: Quarterly reports, which may include financial statements, may be required.
Eligibility Criteria: The usual loan eligibility criteria apply.
