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General Lending

by Maurice | February 1, 2023

Amount:

$750,000

Type of Program:

Loan


Description:

The General Lending Program is designed to assist Indigenous Entrepreneurs succeed while staying adaptable to meet their needs. 

Comments on Funding:

Funding is a loan up to $750,000 for individuals and $1.5 million for communities dependent on available capital, with various interest rates, over a maximum 20-year amortization.


When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must be:

  • Aboriginal business owners;
  • operating and residing in Atlantic Canada;
  • have a larger project in mind or do not fit into the other lending programs.

Application Steps:

1

Applicants must complete and submit the Client Inquiry Form;

2

Applicants 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

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

4

Applicants 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:

No other details available. 

Program Contact:

Business Funding - Ulnooweg Development Group

Related posts:

Business Investment Fund – Business Investment Program
Investment Attraction Fund
Equity Investment Program (EIP) – Development Program
“Fast Tracktor” – Equipment Financing

About Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Atlantic Canada to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

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