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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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Funding for Indigenous businesses
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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