Small Business Loans Association Program (Saskatchewan, Canada)

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Last modified on February 12, 2015.

EZFeed Policy

Place Saskatchewan


   
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
Active Policy Yes

Implementing Sector State/Province








Start Date 1989







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
Primary Website http://economy.gov.sk.ca/SBLA



Last Review 2014-09-05
Last Substantive Modification
to Summary
2014-09-05


Summary

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.



Policy Contact

Department Saskatchewan Ministry of the Economy
Division Small Business Loans Association Program
Address 300 - 2103 11th Avenue

Place Regina, Saskatchewan
Zip/Postal Code S4P 3Z8
Phone 306-787-4707

Fax 306-798-0796
Email SBLA@gov.sk.ca
Website http://economy.gov.sk.ca/SBLA-Contacts
     
     


















References