Business Development
Community Futures Treaty Seven holds an agreement with Western Economic Diversification Canada (WED) for operations lending and business support services for members of Treaty Seven. CFT7 has been a member of the Community Futures Development Corporation since 1989. The purpose of the program is primarily for business creation and expansion. The loans are for asset purchases, equity and joint venture participation. Loans that would not otherwise qualify at a traditional financial institution may be eligible if the loan meets the criteria. Emphasis is on loans that will generate long-term employment for on reserve residents or Treaty 7 members.
Technical assistance is also available for reviewing business plans, identify potential opportunities, business counselling and entrepreneurial training.
Click here to download and print the CFT7 Business Planner Package which includes a checklist and all necessary documents needed to submit your small business loan application
Provides Loans to Establish or Expand a Business
Business must be at least 51% owned by an Indian as defined by the Indian Act of Canada
Maximum loan per business is $25,000.00
Agriculture loans (ranching & farming) not provided
Loans provided to businesses located on reserve, or to businesses off reserve owned by Treaty Seven Members
All loans require community support through a Band Council Resolution
Loans are provided to establish or expand a business
Loans must be for a business that will increase long term, full time employment for Treaty Seven Members
All loans require equity of 10%
Only viable business plans can be approved. (The business must prove that it can generate enough revenue to repay the loan)
Financing available upon a traditional financial institution decline.
Provides Technical Assistance
Reviewing business plans
Identifying potential opportunities
Pre/after care to existing and new business
Business consulting
Small Business workshops available upon request
Please contact Jade Tailfeathers, Letitia Wells-Wapass or Shawna Morning Bull via email or at 403.251.9242 at Community Futures Treaty Seven
Services provided through and contribution agreement with Aboriginal Business Canada and the Government of Alberta
