Written by Alterna Savings.
As communities across Canada celebrate contributions by women to our society and economy, Alterna Savings is reflecting on how strong community banking creates positive ripple effects for entrepreneurs and small business owners in Westboro’s vibrant business landscape. Our commitment to building inclusive, thriving neighborhoods extends beyond traditional financial services – it’s about fostering lasting connections and supporting local initiatives that strengthen the fabric of our community.
The Heart of Community Banking in Westboro
When you walk through Westboro Village, you see firsthand the entrepreneurial spirit that defines this distinctive Ottawa neighborhood. From innovative retail shops along Richmond Road to specialized service providers throughout the area, local businesses contribute significantly to our neighborhood’s unique character and economic vitality.
At Alterna Savings, we believe that meaningful community banking means understanding the specific needs and challenges of the communities we serve. Unlike larger financial institutions that may take a one-size-fits-all approach, our cooperative banking model ensures that our services directly benefit Westboro and surrounding areas, creating a cycle of local support and growth.
“At Alterna, we’re committed to reinvesting in the communities where we operate,” says April Laframboise, Branch Manager at Alterna Savings Westboro. “When local businesses succeed, it creates ripple effects of prosperity throughout the neighborhood.”
Financial Tools That Build Community Strength
The path to entrepreneurial success often begins with access to the right financial resources. Alterna Savings offers specialized programs including the Working Women Business Loan. The program provides loans of up to $25,000 that can be matched through a Joint Loan Program with the Business Development Bank of Canada, allowing eligible entrepreneurs access to up to $50,000 in total financing, providing the capital needed to launch, sustain, or expand their businesses.
Our comprehensive suite of support for your business success includes; Our :
- Personalized business planning support
- Specialized banking package for entrepreneurs
- Built-in savings programs to enhance your financial strength
- Financial education workshops tailored to business owners’ needs
- One-on-one consulting to help navigate business challenges
Community Banking That Reflects Local Values
As a credit union deeply rooted in the communities we serve, we take pride in our cooperative structure that puts members first. This cooperative difference translates to tangible benefits for our Westboro community:
- Local decision-making that understands neighborhood needs
- Profits reinvested into community initiatives and improved services
- Financial education that builds economic resilience
- Flexible solutions that adapt to unique local circumstances
- A commitment to accessibility and inclusivity in banking services
During times of economic uncertainty, this commitment to community becomes even more vital. By maintaining strong relationships with our members and understanding the local business environment, we can respond quickly and effectively to changing needs.
Building a Stronger Westboro Together
Supporting local entrepreneurs is a year-round commitment that benefits our entire community. Here are ways we can all contribute to Westboro’s economic ecosystem:
- Shop at locally owned businesses in Westboro
- Spread the word about exceptional products and services
- Engage with and share content from local entrepreneurs on social media
- Refer business owners to supportive resources like Alterna’s Microfinance program
- Participate in neighborhood events that showcase local businesses
Your Community Partner in Westboro
Located in the heart of Westboro at 319 McRae Ave., our branch serves as more than just a financial institution – it’s a community hub where members can access comprehensive financial services with a personal touch. If you’re an entrepreneur looking to start or grow your business, or simply someone who wants to support local businesses, connect with us! Our team at Alterna Savings is ready to discuss how our financial services, including our Working Women Business Loan and wraparound services, can support your entrepreneurial journey.
Reach out to us today:
- Visit our branch at 319 McRae Ave, Ottawa
- Call us directly at 1.877.560.0100
- Connect online at alterna.ca
Together, we can create a stronger, more inclusive business community in Westboro – this month and throughout the year.
