Eeyou Economic Group Investment Fund
Loan
Description:
EEG will provide start up or expansion loans to Cree businesses in a wide range of industries and sectors. The applicantCree & Beneficiary under James Bay Northern Quebec Agreement and the project must be realized in the Cree Territory.
Comments on Funding:
Continuous Intake
Eligibility:
Eligibility Requirements:
1. Applicants must be Cree businesses in a wide range of industries and sectors;
2. The promoter must be Cree & Beneficiary under James Bay Northern Quebec Agreement;
3. The project must be realized in the Cree Territory;
4. The project is supported by a Band Council Resolution or by an Agreement in principle with the Local Band;
5. The promoter must provide a Guarantee on the Loan;
6. The promoter must submit a full business plan in english only (the business plan should not exceed six months from the date of its submission);
7. Provide Environmental Assessment Approval (if required);
8. Provide Partnership loan or Joint Venture Agreement (if required).
Application Steps:
Applicants must complete a Loan Application.
Documentation Needed:
Applicants must submit the following:
1. A Completed loan application;
2. A full business plan;
3. Band resolution supporting the project;
4. Lease agreement or Band resolution for the land (lot);
5. Personal data (Curriculum Vitae);
6. Partnership agreement (if more than one person on a project);
7. Other document(s) available to support project.
Other Things to Note:
Eeyou Istchee is a RCM (regional county municipality) equivalent.
About the author
Maurice
