MMF Entrepreneurship Initiative – Youth Entrepreneurship, Commercial Fishers and Small / Home Based Business

MMF Minister of Sport and Youth – Mr. Richard Genaille

Three financing programs have been created to further strengthen Metis economic development and Metis entrepreneurship through increased support for small business and new business start-ups.

The initiative will provide financial and training supports to young entrepreneurs ages 18-29, small / home based businesses and small commercial fishers through three loan programs specific to the needs of the applicant:

In addition to the commercial loans, applicants will also be able to access funding for training specific to their industry and related to enhancing the business acumen of the applicant.

Youth Entrepreneurship Program – YEP

  • Program is for Metis youth 18-29 years of age
  • Provides up to $20,000.00 in capital
  • Non-repayable grant up to 25% of the max. loan amount
  • Flexible payment terms
  • Terms up to 48 months
  • Fixed rate – 4.0%
  • Open Loan (no penalty for additional principal payments)

Small / Home-Based Business

  • Provides up to $25,000.00 in capital
  • Non-repayable grant up to 25% of the max. loan amount
  • Flexible payment terms
  • Terms up to 60 months
  • Fixed rate – 8.0%
  • Open Loan (no penalty for additional principal payments)

Commercial Fishers Program

  • Provides up to $25,000.00 in capital
  • Non-repayable grant up to 25% of the max. loan amount
  • Flexible payment terms
  • Terms up to 60 months
  • Fixed rate – 6.0%
  • Open Loan (no penalty for additional principal payments)
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