SMEDCO Loan Programs
grant_single|update January 24, 2025
SK, Canada
Loans for Métis-led companies in Saskatchewan
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Government of Saskatchewan
- SaskMétis Economic Development Corporation (SMEDCO)
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get a variety of refundable and non-refundable loans for your business startup, acquisition and or expansion project.
grant_single_labels|terms_and_conditions
The SMEDCO Loan Programs provide tailored financing solutions for Métis entrepreneurs in Saskatchewan to support the economic growth of their businesses. These financing modalities are designed to offer the best possible terms and support a range of business needs.
- Blended financing combining traditional loans with non-repayable contributions to reduce total borrowing costs.
- Low-cost borrowing options compared to standard financing solutions available in the mainstream market.
- Flexible terms to accommodate different stages of business development.
- The non-repayable contribution component is contingent upon the amount of cash equity provided by the client.
grant_single_labels|projects
This financing package is tailored specifically for Métis Entrepreneurs in Saskatchewan, supporting a range of business initiatives that contribute to economic development and sustainability. Eligible projects include new business creations, business acquisitions, and the expansion of existing operations.
- Establishment of new business start-ups.
- Acquisition of existing businesses.
- Expansion of current business operations.
grant_single|admissibleProjectsExample
$ 80,000
Opening a new eco-friendly grocery store focused on local products
$ 150,000
Startup of a mobile app development company focusing on e-commerce solutions
$ 250,000
Acquisition of a small biotechnology firm for research on sustainable agriculture
$ 250,000
Expanding a local craft brewery to increase production capacity
$ 100,000
Expansion of a current artisanal bakery to include a café
$ 220,000
Launching a new wellness center focused on mental health services
grant_single_labels|admissibility
Eligibility for this financing package is determined by specific criteria related to the ownership and location of the business, as well as the structure of the equity.
- The business must be Métis owned and controlled.
- The business must be sound, viable, and provide a reasonable income to the owners.
- The applicant must reside within Saskatchewan, and the business must be headquartered in Saskatchewan.
- The applicant must provide a minimum of 10% cash equity.
- Contributed equity may be considered on a case-by-case basis, with a 3rd party appraisal required for assets contributed to the project.
grant_eligibility_criteria|who_can_apply
The SMEDCO Blended Financing (SBF) is designed specifically for Métis entrepreneurs residing in Saskatchewan, focused on business start-ups, acquisitions, and expansions of Métis owned and controlled businesses. The applicants must provide a minimum of 10% cash equity, with the possibility of additional contributed equity being considered on a case-by-case basis. Additionally, both the applicant and the business must be located within the province of Saskatchewan. The primary objective is to offer affordable primary term debt through a mix of traditional financing and non-repayable contributions.
grant_eligibility_criteria|eligible_expenses
The SMEDCO Blended Financing package focuses on supporting Métis Entrepreneurs in Saskatchewan by offering financial support for business-related projects. The eligible activities aim at establishing new ventures and enhancing existing businesses to ensure growth and sustainability.
- Sound and viable business start-ups.
- Acquisition of existing businesses.
- Expansion of current business operations.
grant_eligibility_criteria|zone
This grant supports Métis entrepreneurs within targeted regions in Saskatchewan to foster local business development. Eligible businesses must be operating and registered within the specified provincial boundaries.
- Métis-owned businesses headquartered in Saskatchewan.
- Applicants must reside within Saskatchewan.
grant_single_labels|criteria
There are evaluation and selection criteria for this grant.
- Métis owned and controlled.
- The project is viable and provides a reasonable income to the owners.
- Applicants must reside within Saskatchewan and the business is headquartered in Saskatchewan.
grant_single_labels|apply
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grant_single_labels|otherInfo
Here are additional relevant details for this financing package:
- The financing package combines traditional financing with non-repayable contributions to lower borrowing costs.
- The level of non-repayable contribution is dependent on the cash equity provided by the applicant.
- A third-party appraisal is required for any assets contributed to the project as equity.
- SMEDCO offers tailored financing solutions based on its 36 years of experience with Métis business owners.
Apply to this program
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