Louis Riel Capital Corporation

The Louis Riel Capital Corporation (LRCC) is a Manitoba Metis-owned lending institution created to finance the start-up, acquisition and/or expansion of viable Metis and Non-Status Indian controlled small businesses based in Manitoba.

Eligibility Criteria

Applicants must be an individual of Metis or Non-Status Indian ancestry (MNSI) or a corporation or other approved entity.

Summary

TERMS AND CONDITIONS

• The project must be MNSI owned or controlled
• All eligible applicants will be required to provide an appropriate amount of equity in their proposed operation or expansion
• The project is viable in that it has the potential to produce income which will cover operating costs, a reasonable income for the owner, loan repayment and has long-term potential for profitability
• Appropriate skills that should allow the applicant to successfully carry on the business. Training, education, and experience may be conditional prior to approving funding
• Applicants must reside in Manitoba and the applicant's business shall be based in Manitoba
• All loans must be adequately secured
• A loan negotiation fee of up to 3 per cent

FINANCIAL ASSISTANCE

• Direct capital loans
• Bridge financing
• Youth Loans

OTHER SERVICE

• Business Advisory Services
• Bookkeeping Services

Manitoba Contact(s):
Louis Riel Capital Corporation
340, 150 Henry Avenue
Winnipeg, Manitoba  R3B 0J7
Telephone: (204) 589-0772
Fax: (204) 589-0791
Toll-free (information): 1-800-387-6004
E-mail: lrcc@lrcc.mb.ca