This program is tailored for Métis-owned small businesses in Manitoba. By applying, you can access grants up to $99,999 and loans up to $250,000. This funding is intended for your start-up, acquisition, or expansion needs, giving your business the boost it deserves while also supporting economic growth in the Métis community.

Funding can be utilized for various essential purposes, such as purchasing equipment or hiring staff. The absence of strict repayment timelines for grants allows you to channel your energy toward growth, without the stress of immediate repayments. For loans, you can select repayment terms that align with your financial planning. This program is not just about financing; it’s about empowering you to thrive in your business journey.

Why wait? Getting approved could open doors to new opportunities and help your business reach its full potential. The process is accessible with a viable business plan, so with the right preparation, you can position yourself for success.

Financing Types Available

• Grants: You can receive up to $99,999 as a grant. This money does not need to be paid back, making it a great option for non-repayable support.

• Loans: You can also apply for a commercial loan of up to $250,000. The exact terms regarding interest rates and repayment periods will depend on your agreement, but loans typically come with a manageable repayment plan so you can grow your business without overwhelming financial strain.

Eligible Expenses

Funds from this program can be used for a variety of expenses related to your business growth, including:

• Start-up costs
• Operational expenses
• Equipment purchases
• Expansion efforts

Restrictions and Fees

It's important to note that these funds cannot be used for personal expenses or non-business-related activities. Additionally, some minimal administrative fees may apply, but these will be clearly explained when you apply. Our goal is to keep everything as straightforward as possible for you.

• Business must be owned by Métis individuals.
• Business must be located in Manitoba.
• Minimum number of employees: None required.
• Maximum number of employees: None required.
• Minimum company revenue: None required.
• Maximum company revenue: None required.
• All legal structures are applicable.
• All profit structures are applicable.

Disqualifications:

• No disqualifications mentioned in the provided context.

The Louis Riel Capital Corporation offers a fantastic chance for Métis-owned small businesses in Manitoba. You can receive grants up to $99,999 and loans up to $250,000. This funding is designed to support your start-up, acquisition, or expansion needs. It’s a great way to boost your business and contribute to the economic growth of the Métis community.

This funding can be used for various purposes, including purchasing equipment, hiring staff, or expanding your operations. The money is accessible with a viable business plan, so you can feel confident in taking your business to the next level.

Importantly, there's no strict repayment timeline for grants, which means you can focus on growing your business without the immediate pressure of repayment. If you choose a loan, you can plan accordingly for the repayment terms that fit your business model. Overall, this program is a valuable resource to help your business thrive.