LRCC Business Grant & Loan Program

LRCC's financial services are extended and delivered on the basis of prudent and sound business principles and practices so as to protect the integrity of its capital base and to ensure the continued delivery of its services.

Louis Riel Capital Corporation

Overview of the LRCC Business Grant & Loan Program program:

The LRCC Business Grant & Loan Program supports Métis entrepreneurs in Manitoba by providing financial assistance for starting, acquiring, or expanding small businesses. The program offers up to $99,999 in grants and up to $250,000 in loans, with potential for higher loan amounts under certain conditions. To qualify, businesses must be at least 51% Métis-owned, with owners holding valid MMF Citizenship Cards and residing in Manitoba. Additionally, applicants must invest at least 10% of the total project costs in cash, and projects typically need to exceed $25,000, though smaller start-ups may be eligible under different initiatives. The program emphasizes viable projects with solid business plans.

Eligibility criteria of the LRCC Business Grant & Loan Program program:

Owners must contribute at least 10% of the total project costs in cash.
For instance, a $100,000.00 project requires a $10,000.00 cash investment.
Businesses must be registered in Manitoba.
At least 51% of the business must be Metis-owned, with owners holding valid MMF Citizenship Cards and residing in Manitoba.
At least one principal Metis-owner must be actively involved in the day-to-day operations and possess the necessary skills and knowledge for the business.
Projects must generally exceed $25,000.00, unless its for an existing business looking to expand.
For start-ups under $25,000.00, please refer to the MMF Entrepreneurship Initiative.