How much funding can be received?

Funds up to 10% of admissible expenses, capped at $25000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Community Futures Treaty Seven — Lending Services?

Community Futures Treaty Seven — Lending Services is funded by Community Futures Treaty Seven

What are Community Futures Treaty Seven — Lending Services's eligibility criterias?

Business must be at least 51% owned by Treaty Seven Members. All loans require equity of 10% (or proof of sweat equity). Must provide proof of decline from traditional financial institution.

Community Futures Treaty Seven — Lending Services

grant_single|update January 24, 2025

AB, Canada

Business loans for Treaty Seven Members (Alberta)

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Loans and Capital investments

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Community Futures Treaty Seven

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Loans of up to $25,000 to start or grow a business with a viable business plan.

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This lending service provides tailored financing modalities to support the financial needs of businesses owned by Treaty Seven Members. The offerings are designed to ensure business growth and sustainability within the Treaty Seven communities.

Loans are capped at a maximum of $25,000 per business.
A required equity contribution of 10% of the loan amount, which can be in the form of monetary investment or sweat equity.
All loans necessitate community support via a Band Council Resolution for on-reserve businesses.
Applicants must present proof of a loan decline from a traditional financial institution.

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This grant supports businesses owned by Treaty Seven Members to establish or expand their operations, ultimately aiming to increase employment within their communities. Eligible projects include those that have viable business plans and have been declined by traditional financial institutions.

Establishment of new businesses that facilitate employment growth among Treaty Seven Members.
Expansion of existing businesses that demonstrate potential for increased revenue and employment.
Businesses with community support as demonstrated by a Band Council Resolution (for on-reserve businesses).

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$ 25,000

Launch a coffee shop offering ethically sourced, single-origin coffees

$ 25,000

Create an eco-friendly clothing line focusing on sustainable materials

$ 25,000

Initiate a recycling and waste management program for better environmental practices

$ 25,000

Expand a digital literacy program for senior citizens

$ 25,000

Develop a mobile app to streamline healthcare services

$ 25,000

Establish a local farmers' market to support organic farming

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Eligibility for the Western Economic Diversification General Loan Fund is determined by several specific criteria that applicants must meet.

The business must be at least 51% owned by Treaty Seven Members.
The maximum loan that can be provided is $25,000.00 per business.
Applicants must provide equity of 10% or proof of sweat equity.
Agriculture loans for ranching and farming are not eligible.
The business can be located on or off reserve.
All loans require community support through a Band Council Resolution for businesses on reserve.
The business plan must be viable and demonstrate capacity to generate sufficient revenue for loan repayment.
The business must have a mandate to increase long-term, full-time employment for Treaty Seven Members.
Applicants must provide proof of decline from a traditional financial institution.
All necessary documents must be submitted for the loan application process.

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This grant program has specific restrictions for ineligible businesses and industries. The ineligibility is primarily focused on ensuring alignment with community and economic objectives.

Agriculture loans, specifically in ranching and farming, are not eligible.

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This loan fund targets the development and expansion of businesses that are owned by Treaty Seven Members, with an emphasis on fostering long-term employment opportunities for those members. Eligible activities focus on various business projects except for agriculture-related ones.

Establishment of new businesses owned by at least 51% Treaty Seven Members.
Expansion projects for existing businesses owned by Treaty Seven Members.
Business projects that can demonstrate community support and potential for long-term employment creation.

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This grant supports businesses located on and off reserve to cater to Treaty Seven Members. It focuses on providing financial support to those within the Treaty Seven area.