SIEF Contribution Program

Overview of the SIEF Contribution Program program:

The SIEF Contribution Program is designed to provide funding for First Nations business start-ups, business acquisitions, and expansions of existing businesses in Saskatchewan. The program provides funding of up to $99,999 for First Nations individuals and up to $250,000 for community or band owned organizations.

Benefits of the SIEF Contribution Program program:

• The SIEF Contribution Program is designed to support:
• Starting a new business,
• Acquiring an existing business, or
• Expanding a current business.
• The SIEF Contribution Program is in the form of a conditional non-repayable financial contribution up to:
• A maximum of $99,999.00 of total project costs for individual applications and
• A maximum of $250,000.00 of total project costs for community- or band-owned enterprise applications.

Eligibility criteria of the SIEF Contribution Program program:

• Eligibility requirements for the SIEF Contribution Program
• To be eligible for the SIEF Contribution Program, clients and their business must be based in Saskatchewan and:
• A registered Status Indian
• A majority owned First Nation business/financial organization, or
• A development corporation.
• All applications require a minimum of a 10 per cent cash equity contribution from the client.
• All applicants must secure a business loan from a financial institution for a percentage of their project cost.