At a glance
Who it may support
Status First Nation entrepreneurs starting, acquiring or expanding an Alberta business
Indigenous eligibility
Status Indian; AIIC eligibility and 51%+ ownership/control for entities
Eligible uses
Eligible business capital and support costs; business planning and aftercare may be supported
Business stage
Start-up, acquisition, expansion
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: Normally 10% cash
Collateral and credit: AIIC loan requires collateral, acceptable credit and viability
Stacking: Usually permitted subject to total government-assistance limits; disclose all sources