SMEDCO Loan Programs

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.

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.

Who is eligible?

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.

Eligible geographic areas

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.

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.

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.