At a glance
Who it may support
Businesses at least 51% owned and led by Indigenous, Black or women entrepreneurs
Indigenous eligibility
51%+ Indigenous ownership and leadership qualifies
Eligible uses
Projects and growth expenditures approved by BDC
Business stage
Operating businesses with revenue under $3 million
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: Case-by-case
Collateral and credit: BDC underwriting
Stacking: Usually permitted subject to total government-assistance limits; disclose all sources