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Louis Riel Capital Corporation logo

Louis Riel Capital Corporation

Listed
Direct business lender for term loans and startup fundingWinnipeg, ManitobaManitoba, Canada; program-specific eligibility applies.
BBLL 000251Listed Oct 2026From public recordsLast checked Oct 31, 2026
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About

LRCC finances startups, acquisitions and expansions of qualifying Red River Métis businesses in Manitoba. Its combined program pairs repayable loans with separately assessed grants.

Direct business lender. Directly funds business financing; products and terms depend on the lender.

This entry starts from public records. The lender fills in the rest when it claims the entry, which is free.

What they lend

Term loansStartup fundingCanada Small Business Financing Program
General small business
From the lender's own site and public records.

A second look at Louis Riel Capital Corporation

LRCC finances startups, acquisitions and expansions of qualifying Red River Métis businesses in Manitoba. Its combined program pairs repayable loans with separately assessed grants.

Direct business lender and grant-program administrator.

Published by Levr, not by Louis Riel Capital Corporation. This is a source-based profile and editorial assessment, not customer reviews or a promise of approval. Sources checked October 31, 2026.

Visit the official provider website →

Programs and published requirements

Compare the specific program and legal funding entity on your offer. Advertised limits and minimums do not guarantee eligibility or your price.

Business Grant & Loan Program

Eligibility
At least 51% Red River Métis ownership, valid MMF citizenship, Manitoba residence and registration, and active owner involvement.
Equity
At least 10% of project costs in non-borrowed applicant cash.
Limits
Current linked information sheet lists CAD250,000 loans and CAD99,999 grants, with co-lending potentially up to CAD1 million.
Security
Typically assets valued at 75% or more of the loan; principal owners of corporate borrowers provide personal guarantees.
Early repayment
No prepayment penalty, but a commercial loan must remain for at least three years when a grant accompanies financing.

Provider sources: Program eligibility · Current linked information sheet

When it may fit

Our assessment of the published programs

  • Eligible Red River Métis owners with a business plan and their own cash contribution.

What to weigh carefully

  • Previously incurred costs cannot receive grant support. Passive investment and specified restricted industries are excluded.
  • Insurance assignments and vendor invoices may be required before disbursement.

Questions before you accept an offer

  1. How much of my specific project qualifies for a grant?
  2. Which assets and guarantees are required?
  3. How does early repayment affect the three-year loan requirement?

Ask for written terms. Compare net cash received, total repayment, fees, payment timing and early-payoff costs for the same financing need.

Prepare your comparison

Use the same questions and figures for each offer you receive.

Alternatives to research

These are options for a related financing need, not a ranking or a claim of equivalent eligibility or pricing.

BDC

Compare BDC for broader Canadian business financing.

CIBC

Compare CIBC for conventional bank financing and security requirements.

The lender

Type
Direct business lender
Legal name
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Founded
1992
Charter
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Headquarters
Winnipeg, Manitoba
Service area
Manitoba, Canada; program-specific eligibility applies.
Meets in person
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Languages
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Program approvals
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Also lends to consumers
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Website
lrcc.mb.ca
LinkedIn
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Loan officers at this lender

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