Benoit Loyer, a partner and broker at the commercial real estate agency Trillion and member of the Mi’gmaq community of Listuguj in Quebec, said financing for businesses owned by First Nations, Métis and Inuit people can help advance economic reconciliation.Business Development Bank of Canada is committing $250-million in financing, training and investment funding for companies led by Black, Indigenous and female entrepreneurs.
“And we still see the need, definitely in the Indigenous and Black community and actually, even among women – who are not a minority. We see that and hear from them that they still face barriers that we think we can help them to overcome.” The bank is creating two $100-million funds to lend and make equity investments to Indigenous and Black-owned businesses. Another $50-million will be set aside for loans and training for entrepreneurs whose companies generate revenues of less than $3-million. The educational aspect is directed at businesses that require help with aspects such as devising their business plans or cash-flow projections.
Ms. Fleurant said her company is in the midst of commercializing its product and she hopes to benefit from BDC’s new financing in the form of loans or training.
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