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Ulnooweg
Loans for Indigenous entrepreneurs in Atlantic Canada
Gives Indigenous-owned businesses in Atlantic Canada a loan to start, expand, or improve their operations. Loans can be as much as $750,000.
Ulnooweg offers several financing options and non-repayable contributions. Loan programs include Micro Lending (up to $5,000 at 9.25% over 2 years), Women & Youth Lending (up to $25,000 at 8% over 5 years), and General Lending (up to $750,000 for individuals, up to $1.5 million for communities, over 20 years). The Aboriginal Business Financing Program (ABFP) provides non-repayable contributions for eligible costs: up to 75% for business plans, 40% for establishment/expansion, 60% for marketing, and 90% for business support/management. All programs include comprehensive advisory services, business planning guidelines, workshops, gender-specific training, and mentorship to support Indigenous entrepreneurs.
Business Size: small, medium
Region: Atlantic provinces, New Brunswick, Prince Edward Island, Nova Scotia, Newfoundland and Labrador
Demographics: indigenous, women-owned, youth
Other Criteria: Canadian Indigenous status or non-status, Metis or Inuit Heritage (on or off reserve), for-profit businesses, community-owned businesses, Indigenous business and financial organizations, development corporations, at least 10% cash equity recommended for some loan programs, good credit history implied
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This program is available to small, medium businesses located in Atlantic provinces, New Brunswick, Prince Edward Island, Nova Scotia, Newfoundland and Labrador.
This program offers funding up to $1,500,000 (minimum $5,000).
This program accepts applications on a rolling basis.
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