Hello,

If you're part of the First Nations or Native Alliance of Quebec and have a business ready to start, expand, or acquire, this program is tailor-made for you. With a competitive term loan covering up to 70% of your costs, you can focus on growth without the stress of securing all the funds yourself. All you need is to contribute at least 10% of the costs. This means more room to breathe and plan for the future.

The loan is designed with flexibility in mind, offering a repayment period of up to 30 years. This extended timeline allows you to manage your finances with ease. Whether you're buying land, buildings, or equipment, this program supports your business needs across all sectors. No need to worry about revenue or employee numbers—it's open to everyone.

By applying, you gain access to a financial boost that can transform your business. It's a straightforward process, and with the right documents, you can unlock funding that helps you invest in your future. This is a unique opportunity to grow your business with support tailored to your community.

Term Loan: The financing provided is a term loan, specifically designed for the start-up, acquisition, or expansion of First Nations businesses. The loan covers up to 70% of costs associated with building and land, equipment, and inventory. Working capital, however, is not eligible for financing under this program.

Repayment and Interest: The loan's duration is tailored to match the lifespan of the asset financed, with a maximum term of up to 30 years. This flexibility allows for manageable repayment schedules. Interest rates are competitive and are determined based on the borrower’s repayment capacity and the value of guarantees offered. These guarantees must sufficiently cover the loan amount, ensuring security for both the lender and borrower.

Eligible and Ineligible Expenses:

• Eligible Expenses: Include costs related to the acquisition of building and land, purchase of new equipment, and inventory necessary for business operations.
• Ineligible Expenses: Funds from this loan cannot be used towards working capital or any operational expenses not directly linked to physical assets.

Fees: There are no specific fees mentioned for applying or managing this term loan, which simplifies the financial planning for borrowers.

If your First Nations business is ready to start, expand, or acquire a new business, this program might be just what you need. You can access a competitive term loan that covers up to 70% of your costs. This means you can focus on growing your business without worrying about finding all the funds yourself. You just need to contribute at least 10% of the costs.

The loan is flexible, with a repayment period that can stretch up to 30 years. This gives you plenty of time to manage your finances comfortably. Whether it's for buying land, buildings, or equipment, this program supports your business needs.

The best part? You don't need to worry about minimum or maximum revenue or employee numbers. This program is open to all sectors, so whatever your business focus, you're covered. It's a chance to invest in your future with a little help along the way.