Indigenous Financial Institution

Waubetek Business Loans

Term loan / bridge loan

RepayableActiveNortheastern Ontario

At a glance

AdministratorWaubetek Business Development Corporation
Maximum amount$500,000 term loan; $250,000 bridge loan
Funding typeTerm loan / bridge loan
IntakeYear-round
Decision timelineNot publicly guaranteed; ask administrator

Who it may support

Eligible Indigenous entrepreneurs/businesses

Indigenous eligibility

Regional Indigenous eligibility

Eligible uses

Capital, acquisition, expansion; bridge confirmed receivables/funding

Business stage

Establish, expand or purchase

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: 10% unencumbered funds

Collateral and credit: Security, viability and credit 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.