Indigenous Financial Institution

Apeetogosan Business Loans

Business loan

RepayableActiveAlberta; applicant resident and business located in Alberta

At a glance

AdministratorApeetogosan (Métis) Development Inc.
Maximum amount$1,000,000; up to $1,500,000 by exception
Funding typeBusiness loan
IntakeYear-round
Decision timelineNot publicly guaranteed; ask administrator

Who it may support

Métis, Inuit and non-status entrepreneurs/businesses

Indigenous eligibility

51%+ eligible ownership/control and active operational role

Eligible uses

Approved capital, operating and acquisition costs

Business stage

Start-up, acquisition, expansion

What to prepare

Application form; Indigenous identity/ownership evidence; business plan; project budget and quotes; 2–3 year financial statements or opening balance sheet; 12–24 month cash-flow forecast; personal net-worth statement for owners/guarantors; incorporation/registration documents; ownership chart; résumés; financing confirmations; permits/leases as applicable

Application process

Confirm fit with program officer; complete intake/application; submit documents and financing plan; respond to due diligence; receive approval/conditions; sign agreement; claim/disburse funds and report

Financial considerations

Owner equity: Minimum 10%

Collateral and credit: Collateral, credit, experience and viability assessment

Stacking: Usually permitted subject to total government-assistance limits; disclose all sources

This directory summarizes public program information for discovery and is not financial advice or a determination of eligibility. Programs and budgets can change without notice.