Indigenous Youth Entrepreneurship Micro-Loan Financing Program
Financing:
• IYE Micro-loan up to $25,000
• Up to 40% is eligible as a non-repayable loan portion (based on need & availability)
• Amortization period: 1-3 years (Depending on financial projections)
• Interest rate: from 4 to 8% (Depending on level of risk)
• Borrowers' equity: Minimum of 5% cash equity is required
Who Can Apply:
• First Nations youth aged 18 - 39
• Must provide proof of First Nation ancestry, such as a Status Card or genealogical
documentation confirming First Nation biological ties
• Must have majority (over 50%) ownership and control of the business
If you are interested please view the application form and instructions at the document below.