First Nations Bank of Canada Micro Loan Program is offerred in cooperation with Western Economic Diversification Canada. It is specifically designed to benefit people operating or about to operate a business in Western Canada. The Program provides loans for small business startup or expansion in Western Canada. This may include getting a product or service ready for sale, developing or enhancing a product or service, marketing or purchasing equipment or other assets.
The loan terms are designed to be flexible to help maintain adequate cash flow throughout the year. Individual loans allow for up to five years for repayment and range to a maximum of $25,000 with either fixed or floating rates available. First Nations Bank makes the final decision on all loan approvals.
For more information about this program, call First Nations Bank of Canada at 1-888-454-3622 or Western Economic Diversification at 1-888-338-WEST (9378). Applications should be submitted in writing, along with a business plan to:
First Nations Bank of Canada
224 4th Avenue South
Saskatoon, Sk
S7K 5M5
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