We support all industries and sectors.
MVDF can provide up to $1,500,000 in financing to a business or set of related businesses.
You can reapply to MVDF as many times as you want, however we cannot provide more than $1,500,000 in outstanding financing at any one time.
MVDF only supports Métis owned and controlled businesses, those where 50% of the beneficial ownership of an enterprise is held by Métis entrepreneurs. Where ownership and or control of a business is not solely held by Métis entrepreneurs each project will be considered on a case by case basis to ensure that the Métis owner will stand to gain from the funding provided by MVDF.
Our team would be pleased to provide you with an application via e-mail.
MVDF will look to provide you with maximum flexibility and will be an industry leader in matching your funds. Our Business Development Team will work with you to devise a custom package.
We will recognise balance sheet equity for existing businesses and may recognise contributed assets for start-ups.
Yes, MVDF does require personal guarantees. Funding to partnerships and proprietorships are supported by an accepted letter of offer signed by all the owners of the business so they are personally obligated. In the case of a limited company, MVDF makes the contribution to the shareholders and the company jointly so the owners are personally obligated.
MVDF provides non-repayable business plan and aftercare support over the life of our participation. The intent is to continue a relationship with our clients well after the project is funded, providing support and guidance along the way.
Technical skills such as truck driver training, equipment operator training, etc. will not be funded. The intent is to help clients acquire the skills necessary to manage their business and the program is quite flexible in this regard.
No. We are solely focused on supporting Métis entrepreneurs in the for-profit sector.
The MNO appoints the Board of Directors of the MVDF but the MVDF Board of Directors is independent of the MNO.
MVDF does not seek a profit but only seeks to maintain its loan capital base. Its goal is not profit, but to positively impact the Métis economy by supporting Métis owned and controlled businesses.
For purposes of our programs, we recognize Métis who are Citizens of the Métis Nation of Ontario or registered members of other Métis organizations recognized by the Métis National Council including:
- Manitoba Métis Federation
- Métis Nation of Saskatchewan
- Métis Nation of Alberta
- Métis Nation of British Columbia
- Métis Settlements General Council
- Métis Nation of the Northwest Territory