At a glance
Who it may support
Status First Nation entrepreneurs/businesses
Indigenous eligibility
Status Indian resident in Alberta at least one year; 51%+ ownership/profit participation and active management
Eligible uses
Equipment, new business, expansion and working capital
Business stage
Establish, acquire, diversify or expand
What to prepare
Application form; Indigenous identity/ownership evidence; business plan; project budget and quotes; 2–3 year financial statements or opening balance sheet; 12–24 month cash-flow forecast; personal net-worth statement for owners/guarantors; incorporation/registration documents; ownership chart; résumés; financing confirmations; permits/leases as applicable
Application process
Confirm fit with program officer; complete intake/application; submit documents and financing plan; respond to due diligence; receive approval/conditions; sign agreement; claim/disburse funds and report
Financial considerations
Owner equity: Required
Collateral and credit: Adequate collateral, acceptable credit and profitable business plan
Stacking: Usually permitted subject to total government-assistance limits; disclose all sources