Program Overview

In response to the COVID-19 crisis, the SASKATCHEWAN INDIAN EQUITY FOUNDATION INC. through assistance provided by the Government of Canada, is taking action to ensure that Indigenous business owners impacted by Covid-19 have access to the support they require. The emergency loan program is a component of the Indigenous Business Stabilization Program.

The Emergency Loan Program (ELP) is designed as an emergency measure to support small business owners in meeting their immediate operating cash flow needs. These funds are not intended to reploace or duplicate government or other bank/lender emergency financing/funds that are available to businesses in Canada. 

Eligible costs for this loan can include:

Indigenous owned businesses negatively impacted by COVID-19 can apply for this funding to support their immediate working capital and operational needs. Eligible expenses could include:

Funds may not be used to fund any payments or expenses such as prepayment/refinancing of existing indebtedness, payments of dividends, distributions and increased in management compensation.

Maximum assistance is $60,000 comprised of a $40,000 loan and $20,000 non-repayable contribution. Loan and contribution are issued together.

Loans are:

Emergency Loan Application

Additional Assistance Loan Application