Louis Riel Capital Corporation (NGO)

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The Louis Riel Capital Corporation (LRCC) was created to finance the start-up, acquisition and/or expansion of viable Métis and controlled small businesses based in Manitoba.

Summary

The Louis Riel Capital Corporation (LRCC) is a Manitoba Metis-owned lending institution created to finance the start-up, acquisition and/or expansion of viable Metis and controlled small businesses based in Manitoba.

Eligibility

Applicants must be of Metis ancestry, a corporation or other approved entity, controlled or owned by Metis people.

Type of Assistance

LRCC provides business loans, business development and counselling support in the following areas:

  • Business Term Loans – LRCC provides business loans for projects that are sound, with reasonable risk factors and can be supported by a business plan. The applicant has to meet several basic requirements, in addition to specific conditions that will be identified as the application progresses.
  • Business Equity Contribution Fund – This fund is aimed at entrepreneurs that need financial assistance to mobilize their business to the next step of being a reality. The contribution towards a business owned by an Aboriginal individual is up to 40 per cent of eligible costs, to a maximum value of $99,999.
  • Business Advisory Services – This service provides the small business owner with independent and highly experienced advice and guidance as the business plans grow and develop. On start-up and/or purchase of a business, the development officer can work directly with clients on a one-to-one basis.

Note: Eligibility requirements may vary. Please visit www.lrcc.mb.ca for further details.

Contact

Louis Riel Capital Corporation
340 – 150 Henry Ave.
Winnipeg, Manitoba R3B 0J7
Phone: 204-589-0772
Toll free: 1-800-387-6004
Fax: 204-589-0791
Email: info@lrcc.mb.ca
Website: www.lrcc.mb.ca