Small Business Loans Program

SNEDCO is a Saskatchewan Métis-owned and operated business development organization, whose sole purpose is to assist in the creation of viable Métis business ventures.  To achieve the goal of the organization, SNEDCO provides the following programs:  capital loans, working capital loans, supplementary equity loans, bridge loans and business advisory services.  Since 1987, SNEDCO has disbursed 1011 loans totalling $22 million for 550 Metis-owned businesses in Saskatchewan.

Eligibility Criteria

Loans are assessed based on the following criteria and guidelines:

• Applicants must own at least 51% of the business.
• Applicants will be required to use a SNEDCO application form accompanied by:
   1.  Personal Financial Statement for each owner or participant of the business.
   2.  Copy of their membership card with the Métis Nation - Saskatchewan
   3.  Letter of reference from the president of their local confirming their Métis status.
   4.  Written business plan.
• The business and management must be highly viable and demonstrate the potential for profitability.
• Applicants must demonstrate commitment and be actively involved in day-to-day operations.
• Applicants must have some equity in the business in the form of cash and/or contributions of land, existing equipment and machinery, or pledging of personal assets.

Saskatchewan Contact(s):
SaskNative Economic Development Corporation (SNEDCO)
108 - 219 Robin Crescent
Saskatoon, Saskatchewan  S7L 6M8
Telephone: (306) 477-4350
Fax: (306) 373-2512
E-mail: snedco@sk.sympatico.ca