Québec Resources

Corporation de développement économique montagnaise (CDEM)

Office Locations	Uashat, QC
Mailing Address	110-1005 Boulevard Laure, Uashat, QC G4R 4S6, Canada
Phone Number	(418) 968-1246  Toll-Free: 1 (800) 463-2216
Email	info@cdem.ca
Fax Number	(418) 962-2449

Financial Offerings

1. Term Loan

   • Maximum 15 years.

2. Temporary Loan

   • Maximum 1 year
   • Interim financing available while awaiting an inflow of funds from a government agency or other body.

3. Micro-loan 

   • Maximum loan amount is $20,000 (min. $2,000).
   • Program in partnership with the Business Development Bank of Canada (BDC).

 

Eeyou Economic Group / CFDC Inc. (EEG)

Office Locations	Waswanipi, QC
Mailing Address	12 Poplar Street, Waswanipi, QC, J0Y 30
Phone Number	(819) 753-2560
Fax Number	(819) 753-2568

Financial Offerings

1. Youth Strategy Program

   • Help Cree youth entrepreneurs start or purchase a new business, or modernize/expand their existing operation.
   • Youth ages 18-35 are eligible.
   • Interest-free loan from $5,000 to $25,000 for 24 months.

2. Term Loan 

   • Amount and term for loan dependent on borrower's repayment capacity.
   • See diagram for more information.

 

Nunavik Investement Corporation

Office Locations	Kuujjuaq, QC
Mailing Address	1140 Imitavik Rd, Kuujjuaq, QC J0M1C0
Email	david@nunavikic.com

Supports Nunavik's socio-economic growth through financial programs, investments, mentorship, and technical support for entrepreneurs and small businesses. 

 

Société de crédit commercial autochtone (SOCCA)

Office Locations	Wendake, QC
Mailing Address	2936, rue de la Faune, bur. 200, Wendake, QC, G0A 4V0
Phone Number	(418) 842-0972  Toll-Free: 1 (800) 241-0972
Email	administration@socca.qc.ca​
Fax Number	(418) 842-8925

Financial Offerings

1. Term Loan

   • 10% down payment required.
   • Amount and term for loan dependent on borrower's repayment capacity.
      

2. Indigenous Women's Entrepreneurship Program

   • Intended for Indigenous women starting their business. Businesses must be over 50% Indigenous women owned.
   • Maximum loan of $20,000 for a maximum project cost of $60,000 with potential for non-repayable contribution.
   • 5% down payment required.
      

3. Aboriginal Business Financing Program (ABFP)

   • Private project: $99,999 maximum contribution.
   • Community project: up to $1,000,000 for a business project carried out by a band council.

 

Tewatohnhi’saktha Business Loan Fund (Tewa)

Office Locations	Kahnawake, QC
Mailing Address	P.O. Box 1110, 2 River Road  3rd Floor – Kahnawà:ke Business Complex   Kahnawà:ke Mohawk Territory, Qc J0L 1B0
Phone Number	(450) 638-4280  Text: (438) 969-7578
Fax Number	(450) 638-3276

Financial Offerings

1. Business Loan Fund

   • Direct loan financing to a maximum of $100,000.
   • Loan guarantees assist businesses in obtaining commercial loans in the form of collateral of 40% of the loan up to a maximum of $110,000.
      

2. Kahnawà:ke Youth Business Fund (KYBF)

   • Direct loans at a maximum of $15,000 for youth, ages 15 to 35.
   • Fund offers:
     • interest rate of prime + 4% (not to exceed 8.5%);
     • low fee-only payment option for the first year; and
     • 75/25% Forgiveness Benefit whereby 25% of the loan is forgiven once 75% is repaid in a timely manner. 

Corporation de développement économique montagnaise (CDEM)

1. Indigenous Business Development Program (le Programme de développement des entreprises autochtones)]

   • Maximum Contribution:

     • Private Project: Up to $99,999

     • Community Project:  Up to $250,000

   • Business is required to cover 10% of total project cost

   • To qualify for the non-repayable contribution, it is mandatory to obtain a commercial loan of at least 30% of the financing package.

2. Business Plan Assistance (Aide au plan d'affaires)

   • Obtain two quotes if under $25,000 and three quotes if over $25,000

   • Proposals must include:

     • A work plan
     • A detailed budget
     • A detailed list of relevant direct experience from the third party business to complete the work
     • A resume outlining the skills and experience of the prject team to  complete the business plan

3. Indigenous Women Entrepreneurship (Entrepreneuriat féminin autochtone)

   • Micro-loan and non-repayable contribution: maximum $20,000. The micro-loan and contribution are issued together for a total amount not exceeding $20,000.
   • Business owners must be 18 years or older. Business must be 50% female owned from the Innu communities of Quebec or Naskapi community.
   • Entrepreneur must cover 5% of total project cost.

 

Tewatohnhi’saktha Business Loan Fund (Tewa) 

1. Business Assistance Fund
   • Grant up to $25,000 for business start-up or expansion.
   • Must complete the Entrepreneurship Program to apply. 
2. Business Contribution Fund
   • Non-repayable contributions to eligible Aboriginal clients and organizations interested in starting or expanding a business.
3. School/ Training Funding
   • Grant for tuition and living expenses for vocational schooling, academic upgrading, or certification training.
4. Professional Services Fund
   • Covers 75% of professional costs, up to a maximum of $1,000 for business services.
5. Marketing Program Fund
   • Covers 75% of marketing costs, up to a maximum of $1,250