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Supporting the Manitoba First Nation Business Community
Joint Venture Program

This program is intended to provide support for large-scale First Nations enterprises, which, in the opinion of the Fund, have a business concept that, through initial screening, provides excellent opportunity.

Loan Terms and Conditions

Financing is available for up to the lesser of $1,000,000 or 50% of the fair market value of the total project costs (including identified startup costs and working capital). Minimum funding under this program will be $200,000. Projects funded under this program must be for-profit and commercially viable with total project costs in excess of $500,000. Priority will be given, but not restricted, to higher-end value-added projects.

Eligibility Criteria

Businesses funded under this program must:

  • Have a profit objective (not-for-profit projects will not be considered).
  • Demonstrate viability through a sound business plan.
  • Primarily operate in Manitoba.
  • Be reputable and appropriate in nature.
  • Be at least 51% owned and controlled by Manitoba First Nations.

Forms of Financing Options:

  • Common shares
  • Preferred shares
  • Convertible preferred shares
  • Convertible debentures
  • Term Loans
  • Mortgages
  • Units in a limited partnership or joint venture for a period negotiated and set out in the partnership or joint venture agreement.
PDF Format Joint Venture Financing Application (PDF format)
Microsoft Word Format Joint Venture Financing Application (Word format)
PDF Format Joint Venture Approval Criteria

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