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Waubetek Business Development Corporation
Funding for Aboriginal entrepreneurs
Helps businesses in North Eastern Ontario get money to start, grow, or buy a business. Provides financial support for various business needs.
Waubetek offers a variety of business loans to establish, expand or purchase a business. This includes Term Loans (up to $500,000), Bridge Financing (up to $250,000), and specific Loans for Aboriginal Students/Youth for summer businesses (up to $1,500). All loans require a 10% unencumbered client equity contribution.
Business Size: small, startup
Industries: all sectors except explicitly excluded
Region: North Eastern Ontario
Demographics: indigenous, youth
Other Criteria: Applicant must have documented Aboriginal ancestry (First Nation, Inuit, or Non-Status Indian; Metis citizens are referred to Metis Voyageur Development Fund), Business location must be within the Waubetek Service Area (North Eastern Ontario), Minimum 10% unencumbered client cash equity contribution is required, Applicant(s) must have relevant industry background, licenses, certifications, and management capacity related to the business activity, Applicant must be actively involved in the business on a full-time basis (holding employment and operating a business is not preferred), Complete and signed application form required, Applicant identity confirmed through government ID (or incorporation documents for corporations)
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This program is available to small, startup businesses in all sectors except explicitly excluded industries located in North Eastern Ontario.
This program offers funding up to $500,000 (minimum $1,500).
This program accepts applications on a rolling basis.
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