Opening April 6th, 2026
Sophie Morigeau Women’s Entrepreneurship Program
This program is designed to reduce barriers to accessing financing and provide business supports to Métis women entrepreneurs.
After you apply, you will be contacted by one of our business support officers to assess eligibility. Once eligibility is confirmed, you will work one-on-one with one of our business support officers and consultants to complete a program workbook to assess the viability of the funding request.
Funding options
We offer 3 different lending options
Option 1
$25,000 total project cost
Option 2
$20,000 total project cost
Option 3
$15,000 total project cost
- The total project cost is made up of a loan, grant, and equity portion
- Each loan is accompanied by a 30% grant to be applied at the end of the loan term, if eligible. The grant is not stand-alone and must be accompanied by an MFC loan
- Each project requires a 5% or 10% cash equity contribution from the client (this is the client’s direct contribution to their project costs, and will not be sent to or from MFC)
- Starting interest rate: 7.5%
- 4-year term in which grant funding is applied after the loan portion has been fully repaid, provided all loan payments are made on time
- In the event of loan refinancing or lump-sum payments, the grant funding will not be applied, and the full amount will be repayable
Consulting
- Approved applicants will receive one day of consulting services with one of our consultants.
- Additional consulting time is available at a discounted rate. Each additional day can be added for an extra 2% interest on the loan (ex. 2 days of consulting services at 9.5%)
Payment Schedule
- Interest Only Period: Interest Only Payments (Months 1-12):
- Blended Repayment Period: Blended Principal and interest payments until loan portion is fully repaid. (Approximately months 13-36)
- Grant Forgiveness Period: The remaining balance is covered by the grant, resulting in the loan being fully paid out as long as payments are made on time and all conditions of the loan are met. (Approximately month 37)
Métis Women’s Entrepreneur Program
Coming 2026
MFC is currently working to relaunch the Métis Women Entrepreneur program (New program name coming soon).
This program is designed to empower Métis women with the capital and support they need to grow their businesses.
What to expect
Small business loans of up to $25,000 for new and expanding businesses
Eligible applicants will receive grant forgiveness at the end of their loan term (grants must be accompanied by a MFC loan)
One-on-one support with one of our business support officers and consultants to work with you through the application process
Post-funding consulting/mentorship services fit to meet your business’ unique needs
Access to resources to support you at any stage in your entrepreneurial journey