Unlock Financial Success for Métis Entrepreneurs with CCDF: 0% Interest Loans!

While we do have grants available for business planning, support, and equity contributions, we also provide interest-free loans. These loans act as equity without the burden of interest payments or the need for personal property collateral. With CCDF, you can access financing that offers substantial savings over time, giving you the financial flexibility that traditional lenders cannot match. At CCDF, there’s no inflation when it comes to interest rates!

Let’s break it down for you in a typical case.

Your Business without CCDF

Imagine purchasing a business valued at $300,000, with $25,000 in cash available and the bank financing the remaining $275,000. With an interest rate of 6% over 10 years, you would end up paying a staggering $91,367.66 in interest alone.

Your Business with CCDF

Now, suppose you realize that paying such a substantial amount in interest would hinder your plans for future expansion. You turn to CCDF for alternate financing options. After reviewing your business plan and conducting due diligence, we approve an interest-free loan of $100,000 under our Business Development Program. This reduces the bank’s financing to $175,000, with an additional $25,000 from your cash reserves.

With this new financing structure, you would pay a significantly reduced interest amount of $58,143.05 over the same 10-year period, using the same interest rate. That’s a remarkable saving of $33,224.61 – money that would have otherwise gone to the bank.

In essence, our interest-free loan acts as a grant over time, allowing you to allocate those funds wherever you deem necessary: investing in new equipment, crucial repairs, and maintenance, hiring employees, or improving cash flow. As an entrepreneur, you know your business best.

It’s important to note that the actual amount saved will depend on various factors such as the bank’s interest rate, loan term, compounding frequency, and payment schedule. Each situation is unique, and the financial benefits will vary. Nonetheless, our Business Development Program has consistently helped Métis entrepreneurs save money, enhance cash positions, and set themselves up for long-term success.

CCDF Equity Grant – Métis Entrepreneur Equity Program

While our interest-free loans are the cornerstone of our offerings, we also provide grant equity funding through the Métis Entrepreneur Equity Program. This non-repayable grant aims to boost your financial leverage by offering an equity contribution without the need for repayment. Under this program, CCDF can provide Métis individuals with a non-repayable contribution of up to 40% of eligible project costs, capped at $99,999. For Métis community-owned businesses, the maximum contribution is $250,000.

Support For All Métis Entrepreneurs

At CCDF, we understand the challenges Métis entrepreneurs face when it comes to accessing traditional bank financing and we are here to bridge the gap. Whether you are starting a business, acquiring an existing one, or expanding your current venture, CCDF should be your first stop. Our extensive range of programs caters to a wide range of projects. We even have specialized loan programs for Métis youth between the ages of 18 and 39 and for Métis women entrepreneurs.

If you find yourself facing difficulties in accessing bank financing, CCDF can be an invaluable resource. Our interest-free, unsecured loans can help you access the bank financing you need for your business. Our goal is to empower Métis entrepreneurs, providing them with the financial tools and knowledge they need to succeed.

In conclusion, the Clarence Campeau Development Fund is more than just a financial institution. We are a catalyst for economic development within the Métis community in Saskatchewan. Our interest-free loans offer an opportunity to save money, improve cash positions, and realize your entrepreneurial dreams. Remember, there’s no inflation at CCDF – just innovative financing solutions designed to benefit Métis entrepreneurs like you.

Take the first step towards financial success by reaching out to CCDF today. Together, we can unlock the doors to opportunity and build a thriving Métis business community.