Aboriginal Youth Mean Business!

Financing

You've got the plan - now what are your finance options? Learn about what business finance programs and support services exist.

Aboriginal Business Directory

-- Aboriginal Affairs & Northern Development Canada / Government of Canada --

Aboriginal businesses can increase visibility by registering in PSAB's Aboriginal Business Directory (ABD). In order to increase procurement opportunities for businesses,

Aboriginal Affairs and Northern Development Canada in collaboration with Industry Canada, maintains an on-line Aboriginal business directory that streamlines and simplifies the PSAB registration process.

The ABD is housed within Industry Canada's Canadian Companies Capabilities database and is a search engine available to industry and the federal procurement community for identifying Aboriginal business suppliers. Register today in PSAB's Aboriginal Business Directory and increase your Aboriginal business visibility and procurement opportunities.

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Anishinabe Mazaska Capital Corporation

-- Anishinabe Mazaska Capital Corporation --

Anishinabe Mazaska is committed to fostering the self-reliance of Aboriginal business entities. It does this through the provision of commercial loans to first member enterprises located both on and off reserves.

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Asset Building Program

-- SEED Winnipeg Inc. --

Individual Development Account (IDA) and Saving Circle programs combine money management training, one on one financial counseling, peer support and matched savings.

Participants of IDA programs save for designated assets such as home ownership, renovations, business capitalization and education while the Saving Circle program participants save for necessities, which will improve the quality of life such as furniture, disability supports and medical devices.

Free and Fee for service stand-alone Money Management training sessions are also provided.

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Business Development Bank of Canada - E-Spirit Program

-- Business Development Bank of Canada (BDC) Aboriginal Banking --

BDC's specialized financing increases access to capital for Aboriginal entrepreneurs wanting to expand an existing business or start a new one, on or off a reserve in Canada. Up to $100,000 for existing businesses and up to $25,000 for start-ups.

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Business Development Project Fund

-- NWT Business Development and Investment Corporation --

The Business Development Project Fund (BDPF) is a contribution program to help fund start-up expenses, expansion, raw materials (for arts and crafts production) and short-term projects that create employment in the Northwest Territories. The maximum in any 5 year period is $10,000 ($20,000 for businesses in level II NWT communities).

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Business Start Program (BSP)

-- Entrepreneurship Manitoba --

Are you a new business owner/operator ready to begin your journey? Access our three-day business planning workshop and loan guarantee program to start your entrepreneurial journey.

The Business Start Program (BSP) is a loan guarantee program with an educational component. Loans to new owner-managed businesses are provided through participating financial institutions and guaranteed by the Manitoba Government. The five-year term loan is a $30,000 maximum amount with an interest rate of prime plus one percent and a one-year deferral of principal repayment. Loan proceeds can provide funds for capital needs and working capital purposes.

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Commercial Loan Program

-- Tribal Wi-Chi-Way-Win Capital Corporation --

TWCC Commercial Loan Program is available to any member of the eligible First Nations wishing to start, expand or acquire a commercial business in Manitoba.

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Community and Worker Ownership Program (CWOP)

-- Supporting Employment and Economic Development (SEED) --

The Community and Worker Ownership Program (CWOP) provides assistance to groups of three or more people who are interested in starting or expanding a cooperative business as a means to create quality jobs for primarily low-income individuals.

CWOP follows community economic development guidelines in developing business plans and adheres to democratic cooperative principles for the structural design of worker cooperatives.

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Curry BizCamp in Entrepreneurship

-- The Asper Centre for Entrepreneurship --

Established in 1998 the Curry BizCamp in Entrepreneurship teaches basic life skills such as reading comprehension and mathematics using entrepreneurship and business ideas.

The Curry BizCamp is a day camp for youth interested in entrepreneurship.

The Camps consist of a three-week camp and a one-week camp. The three-week camp is geared towards youth age 15-18, and a one week camp geared towards youth age 12 -14 years old.

The camps operate from 10:00 am to 4:00 pm Monday to Friday during the months of July and August.

There is no cost to the students to attend the camps.

Students are provided with a BizBag that includes all the camp supplies as well as a T-shirt, padfolio with calculator, stopwatch and a water bottle with the Asper Centre logo on it.

Students also receive transportation assistance to and from the camp and daily lunches.

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Dakota Ojibway Community Futures Development Corporation (DOCFDC)

-- Dakota Ojibway Community Futures Development Corporation ((DOCFDC) --

DOCFDC will assist area entrepreneurs with:

*Preparing and assessing business plans
*Providing business and market information
*Providing business loans

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Entrepreneurs with Disabilities Program (EDP)

-- Community Futures - Entrepreneurs with Disabilities Program (EDP) --

The mandate of this program is to provide business services to assist persons with disabilities or health conditions who locate their business outside of the City of Winnipeg.

The staff at Community Futures offices offer business services including; one to one business counselling, business plan development, and referral to business training.

Community Futures offices offer business loans for viable new or existing businesses.

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Farm Loan Program - First Nations Farm Credit

-- First Nations Farm Credit (Manitoba) Corporation --

FNFC Loan fund program is available to any First Nation in Manitoba wishing to start, expand or acquire a farming operation in Manitoba.

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First Nations Bank

-- First Nations Bank --

First Nations Bank of Canada is all about commitment -- our commitment to First Nations peoples and more specifically to you, as individual customers.

We are committed to providing a total banking relationship (personal and business) by fulfilling your complete banking needs and working diligently to maintain a high level of customer service.

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First People's Economic Development Fund and Manitoba Metis Federation

-- First People's Economic Development Fund and Manitoba Metis Federation --

This is a program that maximizes Aboriginal people's participation in the economy through business development.

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First Peoples Economic Growth Fund Inc. (FPEGF)

-- First Peoples Economic Growth Fund --

-Joint Venture Program

This program is intended to provide commercial financing for viable large-scale Manitoba First Nations enterprises, which, in the opinion of the Fund, have a business concept that, through initial screening, provides excellent opportunity.

-Entrepreneur Loan Program

This program is intended to assist Manitoba First Nation entrepreneurs by providing capital and/or working capital through interest-free loans that will enhance the applicant's ability to leverage financing from other institutions and agencies.

-Community Economic Expansion Loan Program

This Program is intended to assist Manitoba First Nation community-owned businesses for start ups, expansions or acquisitions. The intent is that these viable businesses will provide for the creation of wealth and jobs for First Nations.


-Business Plan Assistance

This program is intended to provide financial support to Manitoba First Nation individuals or First Nation-based enterprises which, in the opinion of the Fund, have a business concept that, through initial screening, provides excellent opportunity but demonstrates a need for financial assistance with a professional business plan.

This program allows the applicant to engage the services of a professional consultant to assist in the research and development of a quality business plan that will be used to attract financing.

Applicants should also attach a business concept summary. The business concept summary should include, but not be limited to, the following: business overview, industry overview, marketing strategy, management experience, staffing, estimated project costs and financing.

-Aftercare Program

This program is intended to provide professional support to new businesses that have obtained financing under a FPEGF program in order to help improve the opportunity for success

-Skills Development Program

This program supports rapid business readiness training for new and existing First Nations entrepreneurs to develop their management and marketing skills.


-Business Contribution Fund

First Peoples Economic Growth Fund is pleased to announce the expansion of its economic development activities with the addition of the Business Contribution Fund (BCF).

The BCF will consider non-repayable contributions to First Nation clients for eligible capital and operating costs to start, expand or acquire a viable business.

The BCF may contribute up to 35% of the eligible costs to a maximum of $99,999 for entrepreneurs and $250,000 for community owned businesses, based on a viable business plan and subject to other financing being in place.

The BCF will also look at non-repayable contributions for Business Plans, Marketing and related Business Support services

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Kitayan Community Futures Development Corporation

-- Kitayan Community Futures Development Corporation --

Kitayan provides one-on-one client support (pre/post), small business loans, support services to community initiatives in areas of education, training and community planning and development.

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Louis Riel Capital Corporation Youth Business Loan Fund (YBLF)

-- Louis Riel Capital Corporation (LRCC) --

YBLF is a loan fund that fosters business planning and start-ups among Metis youth in Manitoba. Through the use of community based Aboriginal organizations, small business loans and advisory services are available. The Program includes a wide variety of activities, including mentoring programs, business planning assistance, and workshops on entrepreneurship.

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Metis Economic Development Fund

-- Metis Economic Development Fund (MEDF) --

The Metis Economic Development Fund (MEDF) stimulates the economic development of Manitoba Metis businesses & entrepreneurs by providing equity and/or debt financing creating equity partnerships. MEDF concentrates on businesses and entrepreneurs which are in growth, expansion, or acquisition phases. The Fund may also invest in start-up ventures when the viability of the business outweighs the increased investment risk.

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Province of Manitoba - Financing a Business

-- Province of Manitoba --

General overview of a variety of financing programs throughout Manitoba.

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Small Business Loans - Louis Riel Capital Corporation

-- Louis Riel Capital Corporation (LRCC) --

LRCC provides a variety of small business loans to finance the start-up, acquisition and/or expansion of small business.

The types of loans available include:

*Direct Capital Loans - for projects which are basically sound but where, because of risk or other factors, no other funding sources will provide loans.

*Bridge Financing - short term loans available to bridge external financing that is committed but pending disbursement.

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Young Entrepreneurs - Government of Manitoba

-- Government of Manitoba - Youth Partnerships --

The Young Entrepreneurs Program encourages Manitoba's young people to start their own full-time, viable businesses, and in the process pursue self-employment as a career choice. Applications are accepted on a year-round basis from youth aged 18 to 29 years. Under the Young Entrepreneurs program, approved applicants are eligible for a grant of up to $4,000 to help defray business start-up costs and capital expenditures.

All youth interested in applying to the program must submit the following before an application can be assessed and reviewed for grant consideration:
%u2022 a completed program application
%u2022 a comprehensive business plan

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Youth Business Loan Fund

-- Tribal Wi-Chi-Way-Win Capital Corporation --

TWCC Youth Business Loan Fund is available to any member of the eligible First Nations wishing to start, expand, or acquire a commercial business or farming operation in Manitoba.

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