At a glance
Who it may support
BC Indigenous entrepreneurs and First Nation businesses
Indigenous eligibility
Eligible BC Indigenous ownership
Eligible uses
Equity requirement attached to approved business loan
Business stage
Start, modernize 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: Applicant equity required and matched up to limit
Collateral and credit: Underlying loan requires viable business, collateral and plan
Stacking: Usually permitted subject to total government-assistance limits; disclose all sources