Aboriginal Business Loans — Youth and Womens Loans
NS, Canada
Loans for Indigenous youth and women entrepreneurs in Atlantic Canada
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
Loans and Capital investments
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
grant_single|grantors
- Ulnooweg
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grant_card_status|open
grant_single_labels|preview
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.
grant_single_labels|projects
The Aboriginal Business Financing Program offers eligibility to companies based in specific geographical areas. The eligible areas are defined to focus on supporting Indigenous businesses within a certain region.
- Individuals and businesses operating within the Atlantic provinces of Canada.
grant_single|admissibleProjectsExample
$25,000
Upgrade manufacturing equipment to improve productivity
$25,000
Launch a new eco-friendly product line
$25,000
Establish a community training center
$20,000
Develop a digital marketing campaign to increase local brand awareness
$25,000
Acquire a local bakery business
$25,000
Expand a local organic grocery store
grant_single_labels|admissibility
Eligibility for the Aboriginal Business Financing Program (ABFP) is based on specific criteria related to the applicant's heritage, location, and business operations.
- The applicant must be an individual of Canadian Indigenous status or non-status, Metis, or Inuit heritage.
- The applicant must reside and operate their business within the Atlantic provinces of Canada.
- Indigenous business and financial organizations, as well as development corporations, are eligible for contributions.
grant_eligibility_criteria|who_can_apply
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.
grant_eligibility_criteria|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.
grant_eligibility_criteria|zone
The grant covers specific expenses related to business development and expansion.
- Business planning.
- Establishment and operating costs.
- Business acquisitions and expansions.
- Local, domestic or export-oriented marketing initiatives.
- New product or process development.
- Adding technology to improve operations and competitiveness.
- Financial services, business support, business-related training and mentoring services.
grant_single_labels|criteria
There are evaluation and selection criteria for this grant. The Aboriginal Business Financing Program administered by Ulnooweg considers factors such as the project's eligibility, potential impact, and alignment with funding priorities.
- Project's eligibility
- Potential impact
- Alignment with funding priorities
grant_single_labels|register
- Step 1: Client Inquiry Form
- Use the assessment tool provided to evaluate your business strengths and areas for improvement.
- Fill out the Client Inquiry Form to initiate the process.
- Step 2: Recommended Tools
- Receive recommended tools from Ulnooweg to assist with loan calculations and establishing an online presence.
- Utilize these tools as your application is processed.
- Step 3: Funding Program Options
- Review the available funding options provided by Ulnooweg based on your needs.
- Step 4: Personal Connection
- Submit your completed application package with the help of the Client Services Officer.
- The officer will assist in navigating the application process and submit your application for assessment.
- Step 5: Continued Support
- Receive ongoing support from the Business Development Team regardless of the application outcome.
grant_single_labels|otherInfo
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.
grant_single_labels|contact
1-888-766-2376
Apply to this program
Empowering Indigenous Entrepreneurs Through Tailored Financial Support
Ulnooweg Development Group provides comprehensive financial assistance programs to support Indigenous entrepreneurs in Atlantic Canada. These programs are designed to foster business growth and development by offering various lending options and the Aboriginal Business Financing Program (ABFP).
Detailed Insights into Ulnooweg's Funding and Support Programs
Ulnooweg Development Group serves as a pivotal financial institution, empowering Indigenous entrepreneurs throughout Atlantic Canada. With over $60 million allocated to supporting entrepreneurship, Ulnooweg offers a range of programs designed to assist both new and expanding Indigenous-owned businesses. These initiatives are crafted to provide not only financial support but also the tools and guidance necessary to navigate the complexities of business development and growth.
The funding journey with Ulnooweg begins with a comprehensive assessment via their Client Inquiry Form, ensuring a deep understanding of each entrepreneur's needs and business strengths. Following this, entrepreneurs are equipped with essential business tools, including income statement templates and loan calculators. These resources assist in clarifying financial positions and future projections, facilitating a more informed approach to business management.
Ulnooweg's funding programs are characterized by their adaptability and sensitivity to the unique needs of Indigenous entrepreneurs. The targeted Micro Lending Program is tailored for small-scale enterprises, offering loans up to $5,000 without stringent collateral demands, aimed at establishing a solid credit foundation for the entrepreneurs involved. Similarly, the Women & Youth Lending program provides loans up to $25,000 with minimal security requirements, amplifying support for historically underserved demographics within the Indigenous community.
For larger scale undertakings, the General Lending Program extends up to $750,000 for individuals and up to $1.5 million for community projects. This program is designed with flexibility in mind, supporting substantial growth initiatives that align with the financial capabilities and aspirations of Indigenous business owners.
Central to Ulnooweg’s mission is the Aboriginal Business Financing Program (ABFP), which offers non-repayable contributions for eligible projects. Fueling the growth of small and medium-sized enterprises, the ABFP focuses on key areas such as business planning, marketing initiatives, and technological advancements to bolster competitive edges. This program also facilitates collaboration with partners and advisors, enhancing both individual and community business landscapes.
The structure of Ulnooweg’s programs ensures ongoing support and development beyond initial funding. Entrepreneurs are guided through the application process by dedicated Client Services Officers who provide assistance at every step. In addition, the Business Development Team continues to offer unwavering support regardless of the funding outcome, ensuring that entrepreneurs are well-positioned for success.
Ulnooweg's comprehensive financial services do not operate in isolation. They are complemented by strategic initiatives, including workshops, gender-specific training, and mentoring programs, all designed to fortify the growth and sustainability of Indigenous businesses. These programs are reflective of a commitment to fostering a resilient Indigenous business sector, paving the way for economic empowerment and prosperity within Indigenous communities across the Atlantic provinces.
