Aboriginal Business Financing Program - Private Project

• Application for financing form.
• For each owner: personal balance sheet, declaration form, and résumé.
• Two pieces of valid identification, including proof of Aboriginal ancestry such as a copy of an Indian status card or Alliance autochtone du Québec membership card.
• Business plan.
• For an existing business: financial statements for the last three years, recent interim financial statements, governing documents of the business, and the ownership agreement where applicable.

Who is eligible?

• First Nations.
• The Native Alliance of Quebec.
• Band councils carrying out a business project.
• Companies majority owned by a First Nation or the Native Alliance of Quebec.
• Companies majority owned by one or several members of a First Nation or the Native Alliance of Quebec.

Who is not eligible

• Businesses involved in gambling.
• Businesses involved in sex-related activities.
• Businesses involved in alcohol.
• Businesses involved in tobacco.
• Businesses involved in marijuana, electronic cigarettes, or cryptocurrency.

Eligible expenses

• Preliminary study costs, including a business plan, forecast, or assessments such as environmental studies or valuation of a business or its assets.
• Capital costs, including equipment, inventory, leasehold improvements, rolling stock, and commercial buildings.
• Marketing activity costs, including business cards, lettering, advertising, and website costs.
• Management support costs, including accounting, human resources, marketing, and management.

Ineligible Costs and Activities

• No costs incurred prior to approval of the project will be considered eligible when calculating the non-repayable contribution.

• Complete Step 1 with information on the applicant and contact person.
• Complete Step 2 with information on the existing or projected business.
• Complete Step 3 with a brief description of the project and the structure of project costs and financing.
• Append the documents listed in Step 4, including owner documents, the business plan, and, for an existing business, the required financial and legal documents.

• SOCCA analyzes the Application for Financing to determine eligibility and ensure compliance with funding conditions.
• SOCCA may obtain personal information from federal or provincial institutions, financial institutions, enterprises, or other third parties to review the application.
• SOCCA may review credit reports or recommendations regarding the applicant’s solvency.
• Upon request, the applicant must provide any information or documents required in relation to the Application for Financing and must inform SOCCA of any changes as soon as possible.
• For a contribution for the preparation of a business plan, disbursement takes place only if the business plan is complete to the satisfaction of the Native Commercial Credit Corporation.

• The non-repayable contribution is a last-resort source of funding.
• All complementary sources of funding must have been considered.
• Borrowing capacity must be at its maximum.
• Down payment must be at its maximum.