Women’s Business Development Program

Overview of the Women’s Business Development Program program:

This program is to assist Saskatchewan Métis Women with the desire to become entrepreneurs, overcome barriers and enhance their ability to leverage financing and support services from other financial institutions and agencies. The purpose of this program is: To establish a new business To purchase an existing business To expand and renovate an existing business After 36 months of satisfactory repayment of principal, the client will have the option to repay the balance in full less ten percent (10%) of the original approved amount. Ten percent (10%) will be forgiven in the form of a grant to a maximum amount of $10,000. Repayable contribution for a term not to exceed ten years.

Benefits of the Women’s Business Development Program program:

• Under this program CCDF can provide an interest free loan of up to the lesser of $100,000 or 65% of project costs excluding pre-operating costs and working capital identified in the program costs.
• The contribution will be an interest-free loan.
• No administrative fees.

Eligibility criteria of the Women’s Business Development Program program:

• Funding under this program is intended to support individual women or women partnerships.
• Businesses funded under this program must be for-profit and demonstrate viability through a sound business plan.
• Applicants must contribute a minimum of 2% equity to the project.
• The business must be 100% owned by Saskatchewan Metis Woman or Metis Women