The Traditional Loan Program is designed to support Métis entrepreneurs in starting, strengthening, and expanding their businesses across British Columbia. Its purpose is to provide flexible, relationship-based financing that responds to the unique goals and circumstances of each business owner. Whether launching a new venture, purchasing an existing business, or pursuing growth opportunities, the program works in partnership with entrepreneurs to help bring their vision to life.
Rooted in a vision of economic self-sufficiency and community prosperity, the program emphasizes partnership, guidance, and long-term sustainability. It goes beyond funding by offering support throughout the planning and lending process, encouraging responsible growth and strong business foundations. Ultimately, the Traditional Loan Program aims to foster a thriving Métis business community that contributes to resilient local economies throughout the province.
Key Details
- Projects can range from $20,000-$500,000. Above $500,000 is analyzed case by case.
- Applicants must contribute 10-30% of project costs
- Eligible projects may receive a grant as a component of the loan
- Funds disbursed directly to vendors when applicable
- Funds forwarded directly to the business may be subject to receipt verification
- Loan repayments begin within one month of disbursement
- Approved project costs are final and cannot be increased
- Applicants must go through MFC’s business plan process
- Credit checks are performed on all business owners
- Expenses already incurred or purchases committed to before loan approval are ineligible for funding
- Contact us now at admin@mfcbc.ca or 833-399-3926 to discuss current interest rates and terms
What To Do Before Applying
Clarify your business goals, define the purpose of the loan, determine the required amount, and assess your ability to repay it.
Review MFCBC’s eligibility criteria to determine whether you and your business meet the program’s requirements.
Review MFCBC’s posted blogs or FAQs for additional information and guidance on how to apply, or reach out to the team for personalized feedback.
Collect all required documents and complete the application by providing detailed information about your business, personal finances, and the expenses for which you are seeking funding.