Indigenous Entrepreneur Loan (formerly: Indigenous Entrepreneur)

By mmuise
Description:

The Indigenous Entrepreneur Loan provides up to $350,000 to indigenous entrepreneurs to grow or scale their businesses.


Comments on Funding:

Financing is up to $350,000 and starts at $100,000. Flexible repayment terms are offered, and no processing or annual administration fees are requested.
BDC will also give back part of the interest paid on the loan to a registered charity of the applicant's choice.

Deadline: Currently accepting applications
Eligibility:

Applicants must:

  • be Indigenous Entrepreneurs;
  • be Canadian citizens or permanent residents;
  • have reached the age of majority in the province or territory in which they live;
  • have a business that has been in operations for at least 24 months.
Application Steps:

Applicants must:

1. complete an online business loan request providing a few details about the company and about the contact person;

2. further discuss with a BDC representative when contacted.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

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About the author
mmuise