First Citizens Fund — Business Loan Program
Highlights
Hello,
If you're an Indigenous entrepreneur in British Columbia, this business loan program is tailor-made for you. It's a unique opportunity to access funds through a partnership with four Aboriginal Capital Corporations. Whether you're looking to expand your operations, purchase new equipment, or manage daily expenses, this loan can be customized to meet your specific needs. The flexibility of no set funding amount means the loan fits your business, not the other way around.
What's in it for you? The program welcomes all legal and profit structures, with no minimum or maximum revenue requirement. This means you can apply whether you're just starting or ready to grow. There's no rush with no set start or end date, allowing you to apply when it aligns with your business plans.
Being approved for this loan can provide the financial support you need to take your business to the next level. It's designed to be accessible, making it easier for you to qualify and benefit. This program is about empowering your business journey with the right financial tools. If you have any questions or need application information, the lenders are ready to assist you.
Best regards,
[Your Name]
AAA Advisory
Financing Details
Loan Type: The financing provided is in the form of a business loan. This allows for a structured repayment plan, tailored to support Indigenous entrepreneurs in British Columbia.
Repayment Terms and Interest Rates:
- The loans come with competitive interest rates, which are typically lower than those of conventional bank loans.
- Repayment terms are flexible, designed to accommodate the financial realities of starting and running a business. Specific terms, including the duration and frequency of payments, will be discussed and agreed upon with the lender.
Eligible Expenses:
- Funds from this loan can be used towards a variety of business-related expenses. These include but are not limited to equipment purchases, leasehold improvements, and operational costs such as inventory and payroll.
- The aim is to support the growth and sustainability of your business.
Restrictions on Use of Funds:
- The loan cannot be used for non-business related expenses. This includes personal debts, non-business related real estate purchases, or any illegal activities.
Associated Fees:
- There may be application or processing fees involved, which vary by lender. It's important to discuss and understand these potential costs directly with the lending institution.
- Typically, there are no hidden fees, ensuring transparency in your financial planning.
Qualifications
- Business must be located in British Columbia.
- Applicant must be an Indigenous entrepreneur.
- Program is delivered through four Aboriginal Capital Corporations in British Columbia.
- Contact one of the following lenders for application information:
- All Nations Trust Company, Kamloops, BC
- Nuu-chah-nulth Economic Development Corporation, Port Alberni, BC
- Tale'awtxw Aboriginal Capital Corporation, West Vancouver, BC
- Tribal Resources Investment Corporation, Prince Rupert, BC
Description
If you're an Indigenous entrepreneur in British Columbia, there's a business loan program designed just for you. This program offers loans through a partnership with four Aboriginal Capital Corporations across the province. The key benefit? Access to funds that can help you grow your business.
You can use the loan for various business needs, whether it's expanding your operations, purchasing equipment, or even covering day-to-day expenses. There's no set amount of funding, which means the loan can be tailored to fit your specific business requirements. This flexibility is a great advantage, allowing you to address the unique needs of your business.
The best part? There's no minimum or maximum revenue requirement, and all legal and profit structures are welcome. This means whether you're just starting out or looking to expand, you can take advantage of this opportunity. With no set start or end date, you can apply when it suits your business timeline.
Program Steps
Contact a Lender
Reach out to one of the four Aboriginal Capital Corporations listed below for application details and guidance.- All Nations Trust Company: 1-800-663-2959
- Nuu-chah-nulth Economic Development Corporation: 1-866-444-6332
- Tale'awtxw Aboriginal Capital Corporation: 1-800-779-7199
- Tribal Resources Investment Corporation: 1-800-665-3201
Prepare the Required Documentation
Gather the necessary documents to support your application. You will likely need:- Business plan
- Financial statements (last two years)
- Personal financial statement
- Identification (e.g., driver’s license, status card)
- Any relevant permits or licenses
Complete the Application Form
Fill out the application form provided by the lender. Ensure all sections are completed accurately.Submit Your Application
Send your completed application along with the required documentation to the lender you contacted.Follow Up
After submission, follow up with the lender to check on the status of your application and address any additional questions they may have.