Entrepreneurs with Disabilities
Highlights
This program is designed specifically for business owners like you in the Prairie provinces. It offers mentoring and one-on-one counseling services, business training and development, and access to flexible business loans. These resources can help you start or expand your business, purchase new technology, upgrade facilities, and develop marketing materials.
Why should you apply? The program provides flexible loan terms tailored to your needs, especially if you have been unable to secure funding from other sources. This can be a game-changer for your business, allowing you to make critical investments and improvements. Additionally, the program offers specialized support to help you identify and acquire any necessary equipment.
What’s in it for you? By being approved, you gain access to a network of business professionals and resources that can significantly boost your business operations. The program is designed to be accessible, ensuring that qualifying is straightforward and support is readily available. This is a unique opportunity to get the financial and professional backing you need to succeed.
Financing Details
Type of Financing: Business Loan
Repayment Terms and Interest Rates:
- The loan terms are flexible and tailored to meet your needs.
- Contact the organization serving your area for specific details on interest rates and repayment schedules.
Eligible Expenses:
- Starting or expanding a business
- Purchasing and applying new technology
- Upgrading facilities and equipment
- Developing marketing and promotional materials
- Establishing working capital for anticipated sales increases
Ineligible Expenses:
- The funds cannot be used for personal expenses or non-business-related activities.
Fees:
- There are no specific fees mentioned for the program. Contact the organization serving your area for more information on any potential fees.
Qualifications
- Must be a new or current small business owner with a disability.
- Must live in Alberta, Saskatchewan, or Manitoba.
- Must have a possible business plan.
- Must be unable to perform at least one of the basic activities of entrepreneurship or self-employment.
Must have been unsuccessful in getting needed funding for business from other sources.
Disqualifications:
- Businesses located outside Alberta, Saskatchewan, or Manitoba.
Description
This program offers valuable support to your business. You can access business loans, mentoring, and training. These resources can help you start or expand your business, purchase new technology, upgrade facilities, and develop marketing materials.
Loans are flexible and tailored to your needs. If traditional banks have turned you down, this program can provide the financing you need. You can use the money for various purposes, including working capital for expected sales increases.
Additionally, the program offers one-on-one counseling and mentoring. This means you get personalized advice from business experts. They can guide you through challenges and help you grow your business. This combination of financial support and expert advice makes this program a great opportunity for your business.
Program Steps
Gather Necessary Documentation: Prepare the following documents to support your application:
- Business plan
- Financial statements
- Proof of disability
- Details of any previous funding attempts
- Identification documents
Contact Your Regional Office: Reach out to the appropriate office in your region (Alberta, Manitoba, or Saskatchewan) to get specific guidance and application forms. Use the contact details provided for your area.
Complete the Application Form: Fill out the application form provided by your regional office. Ensure all sections are completed accurately.
Submit Your Application: Submit your completed application form along with the necessary documentation to the regional office. This can be done via mail, email, or fax, depending on the office's submission guidelines.
Follow Up: After submission, follow up with the regional office to confirm receipt of your application and to check on the status. Be prepared to provide any additional information if requested.
Attend Any Required Meetings: If requested, attend any meetings or counseling sessions to discuss your business plan and application in more detail.
Receive Approval and Funding: Once your application is approved, review the terms and conditions of the funding. Upon agreement, the funds will be disbursed to support your business needs.