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IndigenousLoanOpen
Waubetek Business Development Corporation
Waubetek — Business loans
Amount
Varies
Deadline
Rolling
Odds
Not published
Effort
1–2 days
Can you get this?
✓Business in North Eastern Ontario
✓10% client equity required
✓Equity must be from unencumbered funds
✓Term loans up to $500,000
✓Student/youth summer business loans available
Your real odds
No public data on approval rates or loans issued per year is available.
Waubetek is a dedicated Aboriginal Business Development Corporation, so a Business Development Officer reviews your application on a rolling basis rather than against a field of competing applicants in a fixed cycle.
What it takes
Contact a Business Development Officer to discuss your project and eligibility1–2 days
Prepare your application including a business plan and evidence of 10% unencumbered equity1–4 weeks
Submit application and await reviewVaries
Worth knowing
If you are waiting on confirmed funds from a third-party lender or government agency, bridge financing up to $250,000 is available as a temporary loan to cover that gap, which matters most when you are juggling multiple funding sources at once.
What else do you qualify for?
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