Clarence Campeau Development Fund
Highlights
This program is designed specifically for Métis business owners like you. It offers a range of financing options, including interest-free and interest-bearing loans, as well as non-repayable grants. These funds can help you leverage additional financing from other institutions, making it easier to grow your business.
What You Get
- Up to 75% funding for professional business plans, capped at $10,000
- Equity assistance through non-repayable grants
- Interest-free loans to enhance your financing capabilities
- Training and professional support to improve your management skills
Why Apply?
- Flexible financing options tailored to your needs
- Professional support to increase your chances of success
- Easy qualification process with dedicated advisors to guide you
By being approved, you will gain access to essential resources and support, helping your business thrive and succeed in the competitive market.
Financing Details
Type of Financing:
- Interest-Free Loan: This program offers an interest-free loan to assist Métis entrepreneurs.
- Interest-Bearing Loan: For larger-scale business initiatives, an interest-bearing loan is available.
- Non-Repayable Grant: Equity assistance is provided through a non-repayable grant.
Repayment Terms and Interest Rates:
- Interest-Free Loan: No interest is charged, making it easier to manage repayments.
- Interest-Bearing Loan: Interest rates will apply, specific rates depend on the loan agreement.
Eligible Expenses:
- Business start-up costs
- Equipment and machinery
- Leasehold improvements
- Working capital
- Professional services (e.g., legal, accounting)
Ineligible Expenses:
- Political activities
- Cultural and social programs
- Residential real estate
- Bars, sexually exploitive businesses, pawnshops, payday loans, tobacco, cannabis, or gambling-related businesses
- Basic farming and ranching
- Payment of dividends
- Refinancing existing debts
- Restaurants in large urban centers (some exceptions apply)
Fees:
- Application Fee: A one-time application fee may apply.
- Administration Fee: An administration fee may be included in the loan agreement.
This program provides flexible financing options to support your business growth and success.
Qualifications
- Must be of Métis ancestry.
- Business must be based in Saskatchewan.
Business must demonstrate viability.
Disqualifications:
- Political bodies for political process.
- Cultural activities.
- Social programs.
- Residential real estate.
- Commercial real estate for the sole purpose of lease or rent to others (unless the applicant’s business occupies the majority of space and is commercially viable exclusive of the rental/lease income).
- Contributions towards assets perceived to be for personal use (e.g., car or pickup-truck).
- Bars (alcohol providers).
- Sexually exploitive businesses.
- Pawnshops.
- Payday loans.
- Tobacco retailers or manufacturers.
- Cannabis businesses.
- Gambling businesses (some exceptions may apply to VLTs).
- Basic farming and ranching.
- Payment of dividends.
- Refinancing (some exceptions apply).
- Restaurants in large urban centres (some exceptions apply).
Description
This program provides interest-free and interest-bearing loans and grants to help your business grow. You can receive up to $10,000 to cover up to 75% of the costs for professional business planning. This support helps you create a solid business plan, making it easier to attract financing from other sources.
You can also get non-repayable grants to boost your equity, making it easier to secure additional funding from banks or other institutions. For larger projects, there are repayable loans available, some with interest and some without, depending on your needs.
This program is designed to help you overcome financial barriers, build your credit, and access other support services. It’s a great way to get the funding you need to start or expand your business, with flexible options to suit your specific situation.
Program Steps
Gather Required Documentation: Prepare the following documents to support your application:
- Business Plan
- Financial Statements (past 2 years)
- Personal Net Worth Statement
- Proof of Métis Ancestry
- Business Registration Documents
- Quotes or Estimates for Project Costs
Contact a Business Advisor: Reach out to a CCDF business advisor for guidance and support. They can help you understand the program details and ensure your application is complete.
Complete the Application Form: Fill out the application form available on the CCDF website. Ensure all sections are completed accurately.
Submit the Application: Submit your completed application form along with the required documentation to CCDF. This can be done online or by mail.
Review and Follow-Up: After submission, CCDF will review your application. Be prepared to provide additional information or clarification if requested.
Approval and Agreement: If approved, review the terms and conditions of the funding agreement. Sign and return the agreement to CCDF.
Receive Funds: Once the agreement is finalized, the funds will be disbursed to your business account. Use the funds as outlined in your application.