Indigenous Financial Institution

CDEM Private Business Loan

Business loan

RepayableActiveQuebec; on or off community

At a glance

AdministratorCorporation de développement économique montagnaise
Maximum amount$500,000
Funding typeBusiness loan
IntakeYear-round
Decision timelineNot publicly guaranteed; ask administrator

Who it may support

Innu and Naskapi entrepreneurs/private businesses

Indigenous eligibility

Member of one of 9 Innu communities in Quebec or Naskapi community; eligible ownership/control

Eligible uses

Viable commercial project costs

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: Required; case-specific

Collateral and credit: Business plan, viability, credit/security review

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.