Northern Enterprise Fund Inc
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NEFI consciously nurtures and builds a strong support network: partnerships with other lenders and organizations enable us to share appropriate information, access and leverage resources and work more effectively together.


Do I Qualify / FAQs

Who is Northern Enterprise Fund Inc?
NEFI is a corporation that was established in 1988 to support business and education in northern Saskatchewan.

Who is eligible for assistance through NEFI?
Any individual or northern business residing within the Northern Enterprise Fund Region may apply. Please see Region of Activity map.

What types of projects will be supported by NEFI?
Generally, any commercially-viable project may be considered including:

- the acquisition of fixed assets;
- refinancing of existing borrowings;
- the purchase of an existing business;
- establishing a new business

What kind of financial assistance does NEFI offer to northerners?
NEFI offers developmental, real estate and commercial loans.

What criteria are used in assessing an application?
Applications are assessed on the following bases:

- Project viability
- Debt serviceability
- Management ability and related experience
- Credit history
- Security
- Equity

How much equity are applicants required to contribute?
Each applicant is required to invest at least 10% of their own equity in the project.

How often do the Board of Directors meet and when is the deadline for applications?
The Board of Directors usually meet the first Tuesday of each month. Applications should arrive at NEFI's office by the 15th of the month for consideration at the next meeting.

What information should be submitted with application?
In all cases, a completed application form and a comprehensive business plan are required.

Where should I go to get help with the business plan?
NEFI does not provide business plan consulting services, but can offer a referral to a number of consultants in this field.

Download the following documents as PDFs:

pdf Business Loan Application
pdf Personal Financial Statement
pdf Business Consent Form
pdf Privacy Consent Form

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