Indigenous Financial Institution

CDEM Collective Business Loan

Community/collective business loan

RepayableActiveQuebec

At a glance

AdministratorCorporation de développement économique montagnaise
Maximum amount$1,000,000
Funding typeCommunity/collective business loan
IntakeYear-round
Decision timelineNot publicly guaranteed; ask administrator

Who it may support

Eligible Innu/Naskapi collective or community-owned businesses

Indigenous eligibility

Eligible community ownership

Eligible uses

Viable collective commercial projects

Business stage

Start, acquire, expand or modernize

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: Case-specific

Collateral and credit: Full commercial and community due diligence

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.