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Métis Entrepreneurs’ Assistance Program (MEAP) │ Apeetogosan (Métis) Development Inc. & Pinnacle Business Services Ltd.:

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Value

MEAP & SEAP are a non-repayable grant that is available to help mitigate how much you are borrowing from a financial institution. It can provide up to 30% of your project total to a maximum of $99,999.

Description

Métis Entrepreneurs’ Assistance Program (MEAP) provides equity assistance for the start-up or the expansion of small businesses. The grant is for Métis, Inuit or Non-Status individuals and is named The Métis Entrepreneurs’ Assistance Program (MEAP). Please note that you will be filling out one application that contains information for both the Grant and the Loan.

Eligible Applicants

  • You must be an Alberta Resident and your business must be located in Alberta, (starting a business in another province? Contact the office to ask for the phone number of the IFI for your province).

  • You must have a minimum of 6 months to one year of experience in the industry you are starting your business.

  • Projects must be a start-up or expansion of a business.

  • The business must generate an income for the applicant of at least $20,000 annually.

  • Total project must exceed $20,000.

  • The applicant must obtain financing through Apeetogosan for the costs that are not covered by the grant and the cash equity.

  • The grant cannot contribute to passive investments, property, houses or buildings, cannabis or tobacco related businesses and the sale of alcohol or gambling products.

  • The applicant must show that the business is viable and sustainable.

Eligible Expenses

As mentioned above the grant can cover up to 30% of your costs, to a maximum of $99,999. You are required to have a minimum of 10% of your project totals costs. The remaining 60%, after your contribution and the grant, would be funds from a business loan.

Deadline Date

Ongoing

Contact

Contact Name: Apeetogosan (Métis) Development Inc.

Phone Number: 780-452-7951 / 1-800-252-7963

E-mail Address: office@amdi.co

Website: https://www.apeetogosan.com/meap-grants

Industry:

Indigenous

Location:

Alberta

Tags:

Loan, Start-up

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Canada

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There is grant money waiting for YOU! BUT if you step in a “grant trap,” your application is a NO! Learn the FIVE most common errors to AVOID in government grants! Get the 5 Grant Gotchas now to save you countless hours.

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