Commercial/Agriculture Loans

• Commercial Loan Application or Agricultural Loan Application
• Business plan with financial projections
• Resume
• Two pieces of government-issued identification

Who is eligible?

• First Nation entrepreneurs
• First Nation-owned businesses
• Agricultural operations

Who is not eligible

• Businesses without at least 51% First Nation ownership.
• Businesses not operating primarily in Saskatchewan.

Eligible expenses

• Business asset purchases
• Working capital and short-term operating needs

Ineligible Costs and Activities

• Applications with false or incomplete information.
• Use of loan proceeds for purposes other than those stated in the application.

Eligible geographic areas

• Saskatchewan

There are evaluation and selection criteria for this grant. The eligibility criteria include: being a First Nation-owned business with at least 51% ownership, operating in or majority of work done in Saskatchewan, and the applicant must be a First Nations resident of Saskatchewan over 18 years old.

• Business must be First Nation-owned with at least 51% ownership
• Business must operate in Saskatchewan or perform the majority of work in Saskatchewan
• Applicant must be a First Nations resident of Saskatchewan, over 18 years old
• Applicant must be starting a new business, acquiring an existing business, or expanding a current business
• Applicant must have a business plan with financial projections for a minimum of three years
• Applicant must complete a commercial or agricultural loan application
• Applicant must have adequate collateral for a fully secured loan
• Applicant must have cash equity to use towards the business as full financing is not provided

• Step 1: Contact SIEF
  • Reach out by phone, email, or in person to discuss loan needs and available financing.
• Step 2: Prepare documents
  • Complete the appropriate loan application and prepare the required business plan.
  • For commercial applications, include a resume and two pieces of government-issued identification.
• Step 3: Submit the application
  • Sign and return the completed application to the Commercial Account Officer or Agriculture Account Officer.

• Applications are reviewed after submission to SIEF.
• Applicants must consent to a creditworthiness review.
• Approval requires the applicant to use funds only for the stated purpose.
• Equipment bought with loan proceeds cannot be sold or encumbered without written consent.

• Commercial Account Officers and Agriculture Account Officers can explain loan options and eligibility.
• Business advisory services are available through SIEF’s Business Development Officers.
• Business consulting services are also available to First Nation individuals, communities, Tribal Councils, and other First Nations organizations.