Micro Lending Program

By mmuise
Description:

The Micro Lending Program has limited security requirements and is easy to access for those working on smaller projects.


Comments on Funding:

Funding is a loan up to $5,000, at a rate of 8% over a maximum 2-year term, with a 5% cash equity recommended.

Deadline: Continuous Intake
Eligibility:

Applicants must be:

  • Aboriginal business owners;
  • operating and residing in Atlantic Canada;
  • working on smaller projects.
Application Steps:

Applicants:

1. must complete and submit the Client Inquiry Form;

2. will be provided with tools which will help them calculate loan repayments, create an online presence, and lots more while Ulnooweg reviews their client inquiry forms;

3. must review the funding options available to them based on their business and situation;

4. will receive support from the funding liaison to navigate the application process (the liaison will be responsible to send the application off for assessment).

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

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About the author
mmuise