Small Business Loans Association Program (Saskatchewan, Canada)
Last modified on February 12, 2015.
|Applies to States or Provinces||Saskatchewan|
|Name||Small Business Loans Association Program (Saskatchewan, Canada)|
|Policy Category||Financial Incentive|
|Policy Type||Loan Program|
|Affected Technologies||Biomass/Biogas, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Solar Photovoltaics, Wind energy|
|Maximum Incentive||$20,000 (Canadian)|
|Terms||Loans are granted at competitive interest rates, which vary with each association, up to a maximum of 10 percent per year. Businesses have between two and five years to repay their loans.|
|Program Administrator||Saskatchewan Ministry of the Economy|
| Last Substantive Modification
An SBLA is a community-based interest group, co-operative, corporation, or Rural Development Corporation that has been incorporated as either a “for profit” or “non-profit” under The Business Corporations Act or The Co-operatives Act.
Once approved and incorporated, an SBLA may access an interest-free revolving line of credit of up to $600,000 from the Government of Saskatchewan, and in turn can use this line of credit to make loans of up to $20,000 to new and existing businesses.
|Department||Saskatchewan Ministry of the Economy|
|Division||Small Business Loans Association Program|
|Address||300 - 2103 11th Avenue|
|Zip/Postal Code||S4P 3Z8|