How much funding can be received?

Funds up to 75% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Aboriginal Business Financing Program — Community project?

Aboriginal Business Financing Program — Community project is funded by SOCCA

What are Aboriginal Business Financing Program — Community project's eligibility criterias?

Be a First Nation, a member of a First Nation, or a corporation owned by a First Nation, or the Native Alliance of Quebec. Have the necessary financial resources with a minimum equity of 10% of the project cost. Present a viable business project and have a good credit rating.

Aboriginal Business Financing Program — Community project

grant_single|update January 24, 2025

QC, Canada

Business funds for First Nations communities in Quebec

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Grant and Funding

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SOCCA

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Get a non-refundable contribution of up to $1 million for businesses owned by a First Nation, the Native Alliance of Quebec, or by one of their members. Funds can be used for business start-up or expansion, marketing, project management, professional advi

grant_single_labels|terms_and_conditions

This grant provides non-refundable contributions that support the financial needs of community projects within the Aboriginal Business Financing Program, offering substantial aid for community development ventures.

The maximum contribution for a community project is up to CAD $1,000,000.
The contribution rate varies based on the type of project activity: up to 75% for project-related management and professional advisory services, up to 60% for marketing activities, and up to 40% for business start-up, acquisition, or expansion.
Applicants must have a minimum equity of 10% of the project’s cost, with exact requirements varying based on the net value of the applicant, which ranges from 10% to 25% depending on the individual's or band council's financial situation.
A non-refundable contribution is considered as the last resort of financing, requiring the exhaustion of all other financial resources and maximum borrowing capacity.
Expenses incurred prior to the approval of the application are not considered eligible for funding.
The determination of the funding amount considers eligible expenses, the applicant's net value (equity), and other available financing sources.

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The Aboriginal Business Financing Program — Community project grant is designed to support various entrepreneurial activities within First Nations communities. It focuses on initiatives that promote business development, expand existing enterprises, and enhance management and advisory services.

Start-up, acquisition, or expansion of a business.
Implementation of marketing activities.
Project-related management tasks.
Professional advisory services post-launch, such as those provided by accountants or other experts.
Development of a business plan, marketing plan, or feasibility studies including assessments and environmental studies.

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$ 1,000,000

Launching an Indigenous-owned organic farm to supply local markets and community-supported agriculture

$ 1,000,000

Expanding a First Nations-owned daycare center to accommodate more children and provide specialized programs

$ 1,000,000

Acquiring a restaurant specializing in traditional Indigenous cuisine to promote cultural heritage

$ 1,000,000

Developing a business plan and feasibility study for a First Nations-owned renewable energy project

$ 1,000,000

Launching an Indigenous art gallery to promote and sell local artists' works

$ 1,000,000

Establishing a cooperative café that offers Indigenous-themed beverages and artisan crafts

grant_single_labels|admissibility

This grant is available to specific entities with defined financial and operational criteria.

The applicant must be a First Nation, the Native Alliance of Quebec, a member of a First Nation, or a corporation owned by a First Nation or the Native Alliance of Quebec.
The applicant must possess the necessary financial resources, with a minimum equity of 10% of the project cost.
The business project must be viable.
The applicant must have a good credit rating.
Experience and training in the relevant field of activities for the project are required.
The applicant must be involved full-time in the business.
The business must not operate in activities related to gambling, sex, alcohol, or tobacco.
All other sources of financing must have been considered and approved, with borrowing capacity and equity at their maximum.

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The Aboriginal Business Financing Program (ABFP) is specifically designed for First Nations and the Native Alliance of Quebec, their members, and corporations owned by them. This includes specific First Nations such as Abenaki, Algonquin, Atikamekw, Cree, Huron-Wendat, Malecite, and Micmac.

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This grant excludes certain types of businesses due to their involvement in specific sectors. These restrictions help ensure that the support provided aligns with the ethical and strategic goals of the grant program.

Businesses involved in gambling.
Businesses operating in the sex industry.
Companies that predominantly sell or distribute alcohol.
Industries focused on tobacco products.

grant_eligibility_criteria|eligible_expenses

The Aboriginal Business Financing Program (ABFP) offers support for various business activities undertaken by First Nations communities and individuals in Quebec. Eligible projects focus on the start-up, acquisition, and expansion of businesses, along with crucial planning and management activities.

Start-up, acquisition, or expansion of a business.
Implementation of marketing activities.
Project-related management.
Professional advisory services after the business is launched (such as accounting).
Development of a business plan, marketing plan, or feasibility studies (including assessments and environmental studies).

grant_single_labels|criteria

There are evaluation and selection criteria for this grant. The eligibility and evaluation criteria are:

Must be a First Nation or part of the Native Alliance of Quebec
Must have the necessary financial resources (equity: 10% minimum of the project cost)
Present a viable business project
Good credit rating
Experience and training in the field of activities
Mandatory full-time involvement in the business
Operate a business not involved in certain sectors (gambling, sex, alcohol, tobacco)

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Additional relevant details for this grant are:

The non-refundable contribution is intended as a last resort, implying that all other financing options should be exhausted beforehand.
Expenses incurred before project approval are ineligible for grant consideration.
The contribution level is determined based on eligible expenses, net applicant value, and available financing sources.
Equity requirements vary based on net value for both individuals and band councils, with specific percentages outlined for different value ranges.
The grant involves varied contribution rates depending on the type of project activity, ranging from 40% to 75%.
First Nations must refrain from operating businesses in certain sectors (gambling, sex, alcohol, tobacco) to qualify.