{"id":636,"date":"2021-07-28T00:04:36","date_gmt":"2021-07-28T00:04:36","guid":{"rendered":"https:\/\/mfcbc.ca\/?page_id=636"},"modified":"2021-07-28T00:12:05","modified_gmt":"2021-07-28T00:12:05","slug":"new-business-financing-contribution-grant","status":"publish","type":"page","link":"https:\/\/mfcbc.ca\/new-business-financing-contribution-grant\/","title":{"rendered":"New Business Financing Contribution Grant"},"content":{"rendered":"\t\t
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MFCBC ANNOUNCES NEW BUSINESS FINANCING CONTRIBUTION GRANT<\/h2>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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News Release July 28, 2021 – Kelowna, BC<\/i><\/p>

The M\u00e9tis Financial Corporation BC (MFCBC) today announced a non-repayable contribution program to assist M\u00e9tis entrepreneurs. The Business Financing Contribution program is a game changer for the organization and M\u00e9tis entrepreneurs in British Columbia. This is the first time we are able to offer grants as part of its \u201ccore funding<\/a>\u201d program. These grants are in the form of non-repayable contributions and are in combination with an approved client\u2019s loan. This program will significantly reduce the cost of financing to M\u00e9tis entrepreneurs. MFCBC will be able to offer these contributions on an on-going basis and in doing so create a better opportunity for M\u00e9tis businesses to succeed.<\/p>

MFCBC CEO Evan Salter states \u201cIt is extremely exciting for MFCBC to announce this program. We believe it allows M\u00e9tis entrepreneurs and our organization an opportunity to grow successfully together. The program offsets considerably the costs of financing by reducing the interest payable over the life of the loan and ensuring the business does not have to repay the full amount of funding. It is great news to be able to offer this program as the federal government has now moved to a more distinction-based funding model that recognizes the unique circumstances of M\u00e9tis entrepreneurs.<\/p>

Salter continued \u201cM\u00e9tis applicants will still require a Business Plan to apply for a loan. In order to make this process easier, MFCBC can cover 75% of the cost to develop a plan. At MFCBC, we want to be the place M\u00e9tis entrepreneurs come for financing and this program is another way we can help. MFCBC, as the newest M\u00e9tis AFI (Aboriginal Finance Institution) arguably became the fastest growing AFI in Canada during the COVID-19 pandemic. Our small staff were able to process almost 500 emergency covid loans and grants worth close to $10 million. We know these loans and grants to M\u00e9tis entrepreneurs in BC helped M\u00e9tis businesses survive the COVID-19 pandemic.\u201d<\/p>

Salter concluded \u201cWe believe with good reason that our success i<\/span>n delivering the emergency COVID-19 funding shows that we will be able to get the Business Financing Contribution Program into the hands of our hard working and committed M\u00e9tis entrepreneurs.\u201d<\/p>

MFCBC officially opened for business in August 2018 to serve M\u00e9tis entrepreneurs in BC. MFCBC provides funding for new M\u00e9tis businesses or existing businesses that require financing to expand.\u00a0<\/p>

To learn more about the Business Financing Contribution program or any of our other services, please get in touch.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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MFCBC ANNOUNCES NEW BUSINESS FINANCING CONTRIBUTION GRANT News Release July 28, 2021 – Kelowna, BC The M\u00e9tis Financial Corporation BC (MFCBC) today announced a non-repayable contribution program to assist M\u00e9tis entrepreneurs. The Business Financing Contribution program is a game changer for the organization and M\u00e9tis entrepreneurs in British Columbia. This is the first time we […]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"0","ocean_second_sidebar":"0","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"on","ocean_header_style":"","ocean_center_header_left_menu":"0","ocean_custom_header_template":"0","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"0","ocean_menu_typo_font_family":"0","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"on","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"on","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"0","footnotes":""},"yoast_head":"\nNew Business Financing Contribution Grant - M\u00e9tis Financial Corporation of BC<\/title>\n<meta name=\"description\" content=\"The M\u00e9tis Financial Corporation BC (MFCBC) has announced a non-repayable contribution program to assist M\u00e9tis entrepreneurs. 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