Commercial/Agriculture Loans
SIEF offers secured developmental loans for commercial or agricultural needs in Saskatchewan. This is a repayable loan, and you must provide full collateral and put in some of your own money (personal equity).
Before you spend any money
Confirm approval and loan terms with SIEF before you spend any money. The official page does not say how the loan money is paid out.
At a glance
Subject to program rules, available funding, and approval. Confirm current details with the official program administrator.
Is this for you?
- You are a First Nation person living in Saskatchewan.
- You own at least 51% of your business.
- You have enough collateral to fully secure the loan and can contribute personal equity.
Probably not the right fit if
- You are not First Nation or do not reside in Saskatchewan.
- You cannot provide collateral to fully secure the loan.
- You are looking for 100% financing without contributing any personal equity.
How much you'd realistically get
The amount depends on your collateral and business plan. Ask a SIEF account officer how much you can borrow.
What may be supported
- Asset purchases
- Working capital
- Day-to-day operations cash flow
- Business expansion or acquisition costs
How applying works
Effort: involvedYou must prepare a detailed business plan with 3+ years of financial projections and secure collateral before applying.
- 01Confirm you meet the First Nation ownership and Saskatchewan residency requirements.
- 02Prepare a business plan with at least 3 years of financial projections.
- 03Identify adequate collateral to fully secure the loan.
- 04Complete the Commercial or Agriculture loan application form.
- 05Contact a SIEF account officer at 306-955-4550 to submit your application.
Who to ask: Phone: 306-955-4550; Fax: 306-373-4969; Address: Asimakaniseekan Askiy Reserve, 202A Joseph Okemasis Drive, Saskatoon SK S7N 1B1
Documents commonly required
- Completed loan application form.
- Business plan with 3+ years of financial projections.
- Proof of First Nation status and Saskatchewan residency.
- Evidence of collateral to fully secure the loan.
- Proof of personal equity contribution.
What to know before you count on it
- The loan is fully secured; you must provide adequate collateral.
- SIEF will not provide 100% financing; you must contribute personal equity.
- The official page does not list interest rates, repayment periods or loan limits. Ask a SIEF account officer before you apply.
- You must submit a business plan with at least 3 years of financial projections.
What are your odds?
Approval depends on the strength of your collateral and whether your business can succeed. Approval is not guaranteed.
Frequently asked questions
What is the interest rate?
The official page does not list the interest rate. Ask a SIEF account officer at 306-955-4550 before you apply.
How much equity must I contribute?
SIEF will not provide 100% financing, so you must put in some of your own money. The official page does not list the exact percentage. Ask SIEF before you apply.
Is there a deadline to apply?
The official page does not list a deadline. Ask SIEF whether it is taking applications now.
What you can combine it with
Participation loans are available in partnership with other institutions; confirm stacking rules with SIEF.
Get alerted when this changes
Programs open and close, budgets run out, rules change. We send one short email when something changes that matters for this program.
Page last updated ; status and deadline checked . Source: official program page.