grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|maxCount
  • grant_single|projectCostPercent
grant_single|deadlines
  • grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
  • Construction
  • Other services (except public administration)
grant_single|grantors
  • Ulnooweg
grant_single|status
grant_card_status|open

grant_single_labels|preview

Get a loan up to $5,000 with flexible repayment terms and access other services to help you run your business.

grant_single_labels|terms_and_conditions

The Aboriginal Business Loans — Micro Loans program offers a simple and flexible loan structure designed to assist Indigenous micro-entrepreneurs in Canada. It supports small-scale business initiatives through modest loan amounts with manageable terms.
  • Loan amounts available up to $5,000.
  • Interest rate set at 9.25% over a maximum term of 2 years.
  • A recommendation of 5% cash equity from the borrower.
  • Limited security requirements, not secured by collateral.
  • Helps establish a credit rating for applicants.
  • Designed to meet the diverse and adaptable needs of micro-entrepreneurs.

grant_single_labels|projects

This grant offers Indigenous entrepreneurs financial assistance to enhance their business capacities and pursue various growth opportunities. Projects eligible for this grant focus on business planning, marketing, and operational expansions.
  • Development of business plans, including marketing strategies and feasibility studies, supported up to 75%.
  • Establishment, expansion, or acquisition of businesses with financial support covering up to 40% of costs.
  • Implementation of marketing initiatives, with eligible expenses covered up to 60%.
  • Provision of business support and project-related management facilitating up to 90% of the costs covered.
  • Development of new products or processes and addition of technology to improve operations.
  • Facilitating local, domestic, or export-oriented marketing initiatives.
grant_single|admissibleProjectsExample

$ 5,000

Expand the production capacity for organic skincare products

$ 5,000

Acquire a new location to expand our bakery operations

$ 5,000

Launch a local marketing initiative to boost sales of eco-friendly products

$ 5,000

Develop a new mobile application for financial literacy training

$ 5,000

Implement new CRM software to improve customer service

$ 5,000

Develop a new digital marketing campaign targeting international markets

grant_single_labels|admissibility

Eligibility for the Aboriginal Business Financing Program (ABFP) is determined based on the applicant's heritage and business location.
  • The applicant must be an individual of Canadian Indigenous status or non-status, Metis, or Inuit heritage.
  • Applicants must be living and operating their businesses within the Atlantic provinces.
  • Indigenous business and financial organizations, as well as development corporations, are also eligible for contributions.

grant_eligibility_criteria|who_can_apply

Eligible applicants are individuals of Canadian Indigenous status or non-status, Métis, or Inuit Heritage (on or off reserve), living and operating their businesses within the Atlantic provinces. Indigenous business and financial organizations, as well as development corporations, are also eligible for contributions.

grant_eligibility_criteria|eligible_expenses

This grant is designed to support Indigenous entrepreneurs and businesses in various developmental stages and sectors. The eligible projects include activities aimed at business development, expansion, and market innovation.
  • Development of business plans, marketing plans, and feasibility studies.
  • Establishment, expansion, or acquisition of businesses.
  • Implementation of local, domestic, or export-oriented marketing initiatives.
  • New product or process development for enhanced business operations.
  • Adding technology to improve operations and competitiveness.
  • Financial services and business support, including training and mentoring services.

grant_eligibility_criteria|zone

This grant is specifically available to Indigenous entrepreneurs and businesses located within a particular region in Canada. The eligible areas are aligned to enhance the prosperity of Indigenous communities in these regions.
  • Indigenous entrepreneurs and businesses operating within the Atlantic provinces of Canada.

grant_single_labels|criteria

The evaluation and selection criteria specifically for projects under this grant are not explicitly mentioned in the provided grant context.

grant_single_labels|register

  • Step 1: Client Inquiry Form
    • Complete the Client Inquiry Form to assess the strengths and areas for improvement in your business.
  • Step 2: Recommended Tools
    • Utilize the recommended business tools provided by Ulnooweg to assist with immediate business needs, such as loan calculations and creating an online presence.
  • Step 3: Funding Program Options
    • Review the available funding program options based on the information submitted in the Client Inquiry Form and aligned with your business needs.
  • Step 4: Personal Connection
    • Submit your completed application package for assessment.
    • The Client Services Officer will assist with navigating the application process and submission.
  • Step 5: Continued Support
    • Receive ongoing support from the Ulnooweg Business Development Team regardless of the application outcome.

grant_single_labels|otherInfo

Here are additional relevant details for applicants considering Ulnooweg funding:
  • Ulnooweg supports both the creation of new businesses and the expansion of existing ones, demonstrating a focus on growth at multiple stages of entrepreneurship.
  • The Micro Lending Program allows entrepreneurs to access funds with limited security requirements, ideal for smaller projects that may not qualify for traditional loans.
  • The Women & Youth Lending program aims to assist traditionally underserved groups, offering young and female Indigenous entrepreneurs less stringent security requirements.
  • General Lending offers significant capital amounts for larger projects, emphasizing flexibility and security based on cash flows and collateral.
  • Ulnooweg offers comprehensive support services, from business planning to facilitating business partnerships and accessing financial assistance for management training.
  • Ulnooweg focuses on providing not just financial assistance but also mentoring and business-related training services to enhance operations and competitiveness.

grant_single_labels|contact

1-888-766-2376

Apply to this program

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