Wakenagun CFDC’s Investment Fund – “A Helping Hand” Loan

By mmuise
Description:

Wakenagun CFDC’s Investment Fund - "A Helping Hand" Loan provides funding for business start up. Funding may be used for seasonal businesses, craft material purchases, minor capital items.


Comments on Funding:

-

Deadline: Continuous Intake
Eligibility:

Applicants must:

  • be sole proprietors,
  • be partnerships,
  • be corporations,
  • be not-for profit corporations,
  • have their business located within the boundaries of the Wakenagun catchment area (Wakenagun serves the “Mushkegowuk" Region. These communities include Attawapiskat, Fort Albany, Kashechewan, Peawanuck, Moose Factory, Moosonee, Taykwa Tagamou, Missanabie, and Fort Severn.),
  • be a small business venture or idea that only require a micro loan.
Application Steps:

No specific steps have been identified.

Documentation Needed:

Applicants must submit:
1. a Statement of Intent form,
2. a project description including estimated costs (must provide quotations),
3. a general business proposal of the idea,
4. a Statement of Personal Assets and Liabilities.

Other Things to Note:

Wakenagun can provide financing up to a maximum of $150,000 from its Investment Fund in the form of a loan to start or expand a business with a well-documented business plan. These loans are non-forgivable.
Wakenagun CFDC is a federally incorporated not-for-profit Community Futures Development Corporation. We service all individuals and organizations that reside and operate within the traditional home of the First Nations people who call this region “Mushkegowuk.”

The program guidelines are from 2016. - to delete from the website

About the author
mmuise