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Micro Lending Program

Amount:

$5,000

Type of Program:

Loan


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.


When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must be:

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

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. 

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