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1 (888) 919-3800


Entrepreneur Assessment Quiz

Business Loans

Loans Up to $150,000

Fixed interest rate and amortization established at time of application

No repayment penalties

Application and administration fees will apply

Micro Loans Up to $25,000

Get access to up to $25,000 and grow your business.

Decisions are made by a local committee.

Please contact us if you would like to see Local Micro Loans offered in your area.   

This program now CLOSED effective June 30, 2021

No Interest & No Payments through Dec 31, 2022

If 75% of loan is repaid by Dec 31, 2022 remainder forgivable

Payments begin January, 2023 @ 4% interest, must be repaid by Dec 31, 2025

No pre-payment penalties

This program is now CLOSED effective June 30, 2021

Must have been a recipient of the first round of funding ($40,000)

No interest & no payments due until December 31, 2022

If 50% of loan is repaid by Dec. 31, 2022, remainder ($10,000) is forgivable

If 50% payment cannot be met, payments for the full $20,000 begin Jan. 31, 2023 @ 4% interest and must be repaid by Dec 31, 2025

No pre-payment penalties

Are you ready to kick-start your business? Get financing specifically tailored to your start-up, expansion, or business buyout in a rural community.

*If you do not qualify for the RRRF Loan and/or require additional loan support your business (Apply under Micro Loans & Loans up to $150,000)  contact our office for assistance @ 1.888.919.3800



Fill out our online application. Not sure what to apply for specifically? No problem, give us a call at 1.888.919.3800 or email reception@meridianregion.ca to help get you started.


You’ll share your draft business plan and cash flow with us. (Don’t have one? No problem, we’ll help you get started)


We’ll look at your credit history and business plan to ensure you’ve met our eligibility requirements.


We may ask for additional supporting documents such as resume, references, etc.


We’ll help you polish up all the documents required (or ensure you get the appropriate help).


Once we’ve received the application and all supporting documentation, we will then present your application on your behalf to our board of directors for approval.


Within 10 days (from receipt of all documents) we’ll inform you of the board’s decision.


You’ll receive your $$

Have a question? Email office@meridianregion.ca or call 1.888.919.3800

View All Loan Programs

Flexible line of credit loans from $10,000 to $50,000 – money that’s there when you need it

Loans for value-adding, innovation, enhancing productivity and developing new products and markets

Loans to assist with the purchase of an existing and successful rural business

Loans for persons with a disability seeking to start or expand a business. Conditions for BusinessAble Funding:

  • The Entrepreneur must have a viable business plan and be restricted in the ability to perform at least on of the basic activities of entrepreneurship or self employment
  • Loans up to $150,000 may be considered under this program
  • Business plan development and business training are key components of the program
  • One on one assistance, counselling and mentoring as well as access to other business resources provided
  • A disability may include physical, soft tissue injury, intellectual and emotional
  • Disability must be self proclaimed

Loans for young entrepreneurs ages 18 to 29 with a great business idea Conditions for NextGen Loan:

  • Loans up to $150,000 may be considered
  • If the business is a partnership all partners involved must be eligible for the loan and are jointly and severally liable for the loan repayment
  • NextGen is a repayable loan based on interest rates comparable to local industry standards
  • Business planning assistance is provided

Loans for entrepreneurs who want to start a business in a community served by Community Futures

Quick turnaround short-term loans of up to $10,000 – so you can react to a great opportunity

Loan Rates + Fees

Interest Rates:

  • Term Loans (Up to $150,000): Royal Bank Prime + 2% (Please contact the office for confirmation)
  • FlexLine - Royal Bank Prime + 3%

Business Development Fee:

  • $150 Business Development Fee for preparation for a Financial Institution or for preparation for Investment Meeting. This includes business plan, projections, etc.

Administration/Application Fees:

  • Up to $25,000 - $250
  • $25,000 - $50,000 - $500
  • $50,000 - $100,000 - $750
  • $100,000 - $150,000 - $1,000

FlexLine: Same administration/Application fees apply as above as well as an Annual Renewal fee of $500 or a monthly fee of $50 as long as they have access to the line of credit.

NSF Fee: $50 per item

Security Amendments, early release, etc. - $50


You are eligible if:

  • Your financing needs do not exceed $150,000 (exceptions may apply)
  • You have good credit history
  • Your business is based within East Central Alberta and/or West Central Saskatchewan
  • You have reached the age of majority in the province in which you live
  • You acknowledge that you have exhausted all lending options

The following projects are NOT eligible:

  • Primary Ag
  • Non-active income (ie. Real estate development, rental income properties)
  • Down hole production
  • Live animals
Entrepreneur Assessment Quiz!