Status Entrepreneur

Assistance Program (SEAP)

Grant for Status Entrepreneurs

This program provides equity assistance for the start-up or the expansion of small businesses for Status individuals.

Basic Eligibility Requirements

• You must be an Alberta Resident and your business must be located in Alberta, (starting a business in another province? Contact the office to ask for the phone number of the AFI for your province).

• You must have a minimum of 6 months to one year of experience in the industry you are starting your business.

• Projects must be a start-up or expansion of a business.

• The business must generate an income for the applicant of at least $20,000 annually.

• Total project costs to include >$20,000 of depreciable capital assets

• The applicant must obtain financing through a commercial lender for the costs that are not covered by the grant and the cash equity (if you have already received financing.

• Additional requirement information can be obtained through the program coordinator.

How Does the Grant Work?

SEAP is a non-repayable grant that is available to help mitigate how much you are borrowing from a financial institution. It can provide up to 30% of your project total to a maximum of $99,999. To apply for the grant you must meet all eligibility requirements.