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			About Us Is Sagehill a government office? Is the Sagehill Community Futures Development Corporation affiliated with the site formerly known as the Dana Radar Station? Does the Sagehill Community Futures Development Corporation provide grants to small business owners? Who runs the Sagehill Community Futures Development Corporation? Financing How much of a down payment do I require? Do I require collateral? How much collateral do I require? Do I need to approach my traditional financial institution before I approach Sagehill? What is Sagehill's interest rate policy? Can I life insure my loan? How long does it take to find out whether my loan has been approved? Are there any fees or charges? Are there any prepayment penalties? Can I have more than one loan with Sagehill? What do I need to bring with me to complete a loan application? Does Sagehill do Ag-based lending? I'm a first time entrepreneur. What are my chances of obtaining financing? Training I've seen the upcoming Workshop schedule and the topic I am interested in learning more about isn't there? Is Sagehill a government office? No. While we enjoy a number of partnerships with both the federal and provincial government we are a non profit corporation operating within the laws of the Province of Saskatchewan. Is the Sagehill Community Futures Development Corporation affiliated with the site formerly known as the Dana Radar Station? No. Does the Sagehill Community Futures Development Corporation provide grants to small business owners? No. However we have an extensive database and would be happy to search if there may be grants available to your business. Who runs the Sagehill Community Futures  Development Corporation? Our Corporation is governed by a volunteer Board of Directors. Each member of our Board is elected by our membership at the Annual General Meeting. How much of a down payment do I require? Each situation is different just like each entrepreneur is different. We do not have predetermined down payment requirements but make an assessment for each applicant based on their personal financial situation. Do I require collateral? Yes, each of our loans is secured. How much collateral do I require? Each loan has different requirements. The collateral you will require will depend on the nature of the financing, the business and personal collateral available to our office and the degree of risk. You will be advised of the collateral requirements before you accept our financing. Do I need to approach my traditional financial institution before I approach Sagehill? No. However you should always consult with your local financial institution to determine if their products can meet your needs. If they don't or only meet part of your requirements you may find that they will also refer you to our office. What is Sagehill's interest rate policy? Each of our loans has a floating interest rate which is adjusted, based on the Bruno Credit Union prime rate, on the first business day of each month. Can I life insure my loan? Yes, all qualifying individuals will have their loan life insured for the amount of the declining principal balance. How long does it take to find out whether my loan has been approved? Once you have provided us with all the information we need, an answer will be provided in 7 - 10 days. Are there any fees or charges? Yes. All loans are levied a 1.5% annual administration fee. There is also a one time loan collateral documentation charge of $85.00  for unincorporated businesses and $125.00 for those that are incorporated, if your loan is approved. Are there any prepayment penalties? No. Whether you decide to make an extra loan payment in one or more months or find yourself in the position to pay the loan in full before the maturity date you will never be charged any penalties. Can I have more than one loan with Sagehill? Yes, although the total of all loans cannot exceed $125,000.00. What do I need to bring with me to complete a loan application? If your business is new or an existing business you will require a business plan complete with financial projections for a minimum 12 month period. You will also need to provide us with your personal Net Worth Statement. Does Sagehill do Ag-based lending? While we do not provide financing for "traditional" agriculture practices (purchase of a home quarter for residence or purchase of land for production of grains and oilseeds, for example) we are able to participate in diversification activities. Those activities could include market gardens, orchards, manufacturing businesses located on a home quarter, or value added processing opportunities. While this list is not exhaustive it should help identify whether your business idea might be eligible for financing. I'm a first time entrepreneur. What are my chances of obtaining financing? We're pleased that over 65% of our portfolio has been invested with 1st time entrepreneurs and that approx. 20% of those customers are under the age of 30. I've seen the upcoming Workshop schedule and the topic I am interested in learning more about isn't there? Contact us (phone, email - - you choose). We're happy to hear which workshops you're interested in attending. Most of our workshops are given several times a year and the one you're interested in is probably scheduled for a future date. If the topic you're interested in isn't currently in our workshop schedule we're happy to hear your ideas. We are always adding new workshops to our schedule and your idea may well be our newest addition.