grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|maxCount
grant_single|deadlines
  • grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
  • grant_single|allIndustries
grant_single|grantors
  • Business Development Bank of Canada (BDC)
  • Government of Canada
grant_single|status
grant_card_status|open

grant_single_labels|preview

Get access to financing of up to $350,000 and help connecting with experts to grow or scale your business.

grant_single_labels|terms_and_conditions

The Indigenous Entrepreneur Loan by BDC provides a supportive financial framework aimed at facilitating business growth and sustainability for Indigenous entrepreneurs. This loan is structured with several accommodating features to help bolster entrepreneurial ventures.
  • Financing of up to $350,000 to help grow or scale the business.
  • Flexible repayment terms designed to protect cash flow.
  • Preferred interest rates with no processing or annual administration fees.
  • A portion of the interest paid on the loan is donated back to a registered charity of the borrower's choice.

grant_single_labels|projects

The Indigenous Entrepreneur Loan is designed to support Indigenous business growth and development in Canada. The loan includes flexible financial solutions tailored to the needs of Indigenous entrepreneurs to ensure effective scaling and business expansion.
  • Financing to grow or scale a business up to $350,000.
  • Part of the interest paid on the loan can be donated to a registered charity of your choice.
grant_single|admissibleProjectsExample

$ 200,000

Investing in technology for a small boutique hotel to enhance guest experience

$ 200,000

Expanding the product line of an Indigenous-owned organic skincare company

$ 150,000

Improving operational efficiency in a NPO-run community kitchen

$ 220,000

Developing a new software platform for small businesses to manage their finances

$ 160,000

Developing a craft brewery's new range of seasonal beers

$ 170,000

Improving operational efficiency in a community-based recycling program

grant_single_labels|admissibility

Eligibility for the Indigenous Entrepreneur Loan from BDC is primarily focused on helping Indigenous entrepreneurs grow or scale their businesses.
  • The applicant must be an Indigenous entrepreneur.
  • The business must be looking for financing of up to $350,000 to grow or scale operations.

grant_eligibility_criteria|who_can_apply

Indigenous entrepreneurs looking to grow or scale their business can apply for the BDC Indigenous Entrepreneur Loan, which offers financing of up to $350,000 with flexible repayment terms, preferred rates, and no processing or annual administration fees. Additionally, part of the interest paid on the loan can be donated to a registered charity of the borrower's choice. Applicants can also connect with partners such as NACCA, CCAB, Pow Wow Pitch, and Futurpreneur for additional support and resources.

grant_eligibility_criteria|eligible_expenses

The BDC grant aims to empower Indigenous entrepreneurs by providing financing, resources, and connections that bolster business growth and success. Eligible activities focus on expanding business operations, enhancing financial management skills, and fostering partnerships for sustainable development.
  • Access to flexible loans for business growth and scaling up operations.
  • Utilization of financial resources to protect cash flow with preferred rates.
  • Engagement with partners such as NACCA for additional advice and financing solutions.
  • Membership with CCAB to increase procurement opportunities as a certified diverse supplier.
  • Participation in educational and mentoring programs through initiatives like Pow Wow Pitch.
  • Enrollment in financial management courses to improve business finance handling.
  • Collaboration with Futurpreneur for financing solutions to start a business for young entrepreneurs (aged 18-39).

grant_eligibility_criteria|zone

This grant does not specify any geographical restrictions within Canada, allowing Indigenous entrepreneurs from various regions to apply. The focus is on supporting Indigenous businesses nationally, aligning with BDC's commitment to Indigenous entrepreneurship across Canada.

grant_single_labels|criteria

The Indigenous Entrepreneur Loan offered by BDC has specific evaluation and selection criteria for applicants:
  • Demonstrated Indigenous ancestry or ownership
  • Viability and potential for business growth
  • Ability to repay the loan
  • Impact on community and Indigenous entrepreneurship

grant_single_labels|apply

grant_single_labels|otherInfo

Here are additional relevant details for BDC's Indigenous Entrepreneur Loan:
  • A portion of the interest paid on the loan can be directed to a registered charity of your choice, allowing you to support community initiatives.
  • BDC has a longstanding partnership with organizations such as NACCA, CCAB, and Futurpreneur to provide comprehensive support beyond financial loans.
  • BDC's head office is located on unceded Indigenous lands, underlining their commitment to reconciliation and respect for Indigenous communities.
  • The loan includes flexible repayment terms designed specifically to help protect your business's cash flow.

Apply to this program

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