How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the SMEDCO Loan Programs?

SMEDCO Loan Programs is funded by Government of Saskatchewan, SaskMétis Economic Development Corporation (SMEDCO)

What are SMEDCO Loan Programs's eligibility criterias?

The business must be owned and controlled by Métis individuals. The business and applicants must be headquartered and reside in Saskatchewan. The project must be viable, providing reasonable income to the owners.

SMEDCO Loan Programs

Last Update: July 22, 2025

SK, Canada

Loans for Métis-led companies in Saskatchewan

SMEDCO Loan Programs at a glance

Eligible Funding

No Condition

Timeline

Unspecified

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Funds Providers

Government of Saskatchewan
SaskMétis Economic Development Corporation (SMEDCO)

Program status

Open

Overview of the SMEDCO Loan Programs program

Get a variety of refundable and non-refundable loans for your business startup, acquisition and or expansion project.

Financing 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.

Eligible projects & activities

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.

Examples of admissible projects:

$ 250,000

Acquisition of a small biotechnology firm for research on sustainable agriculture

$ 100,000

Expansion of a current artisanal bakery to include a café

$ 80,000

Opening a new eco-friendly grocery store focused on local products

$ 250,000

Expanding a local craft brewery to increase production capacity

$ 220,000

Launching a new wellness center focused on mental health services

$ 150,000

Startup of a mobile app development company focusing on e-commerce solutions

Eligibility criteria of the SMEDCO Loan Programs program

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?

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.

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.

Eligibility criteria of the SMEDCO Loan Programs program

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.

How to apply to the SMEDCO Loan Programs program

Initial Inquiry

Reach out to SMEDCO for any questions regarding the Blended Financing package using the provided contact form.
Ensure you meet the basic criteria for eligibility, including Métis ownership and Saskatchewan residency.

Prepare Documentation

Gather necessary documents, such as proof of Métis ownership and third-party appraisal for contributed assets.
Prepare a business plan outlining the startup, acquisition, or expansion proposal.

Equity Preparation

Ensure you have the required 10% cash equity ready to invest in your project.
Consider additional equity contributions, if applicable.

Submit Application

Coordinate with SMEDCO to access and complete the application forms.
Submit all required documents and the completed application through the specified submission process.

Await Confirmation

Wait for confirmation of receipt from SMEDCO, which may include an application reference number.

Additional information

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