
Aboriginal Business Loans — Youth and Womens Loans
- Archived
Overview
Get a loan of up to $25,000 for any business need you have, at a fixed interest rate of 8% and a 5-year repayment term.
At a glance
Funding available
- Increase performance through digital transformation
- Develop a new product or service
- Launch or market a product/service
- Maximum amount : 1,500,000 $
- Up to 75% of project cost
- Archived
Eligible candidates
- Agriculture, forestry, fishing and hunting
- Atlantic
- New Brunswick, Newfoundland and Labrador, Nova Scotia, Prince Edward Island
- For-profit business
- Sole proprietorship
- All revenue ranges
- All organization sizes
- Indigenous Peoples
- Youth (<40)
- Women
Next steps
Activities funded
This grant aims to support business development activities for Indigenous Women and Youth Entrepreneurs in Atlantic Canada. The eligible projects focus on establishing, expanding, and enhancing entrepreneurial ventures through financial assistance and strategic business planning.
- Development of business plans and marketing plans.
- Feasibility studies for new business initiatives.
- Business establishments and expansions.
- Marketing initiatives, both domestic and export-oriented.
- Support for new product or process development.
- Adding technology to improve business operations and competitiveness.
- Business acquisitions.
- Financial services and business support activities.
- Business-related training and mentoring services.
Eligibility
Who is eligible?
Eligible applicants are individuals of Canadian Indigenous status or non-status, Metis or Inuit Heritage, living and operating their businesses within the Atlantic provinces. Indigenous business and financial organizations, as well as development corporations, are also eligible for contributions.Eligible expenses
This grant supports the growth and development of Indigenous businesses in Canada by providing financial contributions towards various business-related activities. The eligible projects emphasize business planning, expansion, marketing, and technological advancements.
- Development of business plans, marketing plans, and feasibility studies.
- Expenses related to business establishment, expansion, or acquisition.
- Local, domestic, or export-oriented marketing initiatives.
- New product or process development to enhance business operations.
- Adding technology to improve business competitiveness.
- Providing business support, management training, and mentoring services.
Eligible geographic areas
This grant is designed for businesses operated by Indigenous individuals located in specific regions within Canada. Eligible companies must be situated within the Atlantic provinces.
- Newfoundland and Labrador
- Prince Edward Island
- Nova Scotia
- New Brunswick
Additional information
Here are additional relevant details for the grant programs offered by Ulnooweg:
- Flexible lending programs include measures to establish a credit rating for applicants, aiding them in future financial endeavors.
- The business financing support includes gender-specific training and mentoring, catering to diverse needs.
- The Micro Lending Program specifically supports micro-enterprises with a simplified and less stringent loan approval process.
- The Women & Youth Lending program is tailored to address the historical underrepresentation of Indigenous women and youth in entrepreneurship, offering easy access with minimal security requirements.
- Continued support from the Business Development Team is available, regardless of the outcome of the application assessment.
- Loans for various programs may vary in security requirements, ensuring accessibility for different business sizes and needs.




