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Louis Riel Capital Corporation

LRCC — Business Grant & Loan Program

Amount
Varies
Deadline
Rolling
Odds
Not published
Effort
1–2 days
Can you get this?
At least 51% Red River Métis ownership required
Owners must reside in Manitoba
Business must be registered in Manitoba
Minimum 10% cash investment of total project costs
Bars, gambling, pawnshops, and cannabis retailers are not eligible
Your real odds
No public approval rate exists, but selection is merit-based and centers on business soundness, so a solid business plan is explicitly required.
LRCC applies commercial lending principles to protect its capital base, meaning your application is reviewed the way a lender would review it. Incomplete documentation is a common cause of delays.
What it takes
Contact LRCC's Credit team before spending any project money to confirm eligibility and discuss potential grant amounts1–2 days
Prepare a business plan, Personal Statement of Affairs (each owner separately), and document your 10% cash contribution1–3 weeks
Submit the Business Grant & Loan Application with all required documentation1 day
Allow for application processing6–8 weeks after submission
Worth knowing
Costs you incur before applying are ineligible for grant funding, so contact LRCC before spending anything on equipment, leasehold improvements, or marketing.
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