Alberta Indian Investment Corporation

Q: How much funding can be received?

There is no informations about how much funding can be received.

Q: What is the deadline to apply?

The program is accepting continuous intake

Q: Is the Alberta Indian Investment Corporation a grant, loan, or tax credit?

Alberta Indian Investment Corporation is a Loans and Capital investments

Q: Who are the financial supporters of the Alberta Indian Investment Corporation?

Alberta Indian Investment Corporation is funded by Alberta Indian Investment Corporation (AIIC)

Q: Who is eligible for the Alberta Indian Investment Corporation program?

To be eligible for the Alberta Indian Investment Corporation program, you must: • Applicant must be a Status Indian who has resided in Alberta for at least one year. • In a corporation or partnership, the Status Indian must own at least 51% of shares and participate in more than 51% of profits, being active in business management. • The applicant's head office must be located in Alberta.

Q: Who can I contact for more information about the Alberta Indian Investment Corporation?

You can contact Alberta Indian Investment Corporation (AIIC).

Q: Where is the Alberta Indian Investment Corporation available?

The Alberta Indian Investment Corporation program is available the province of AB.

Q: Are Indigenous Peoples eligible for the Alberta Indian Investment Corporation program?

Yes, Indigenous Peoples are eligible to apply for the Alberta Indian Investment Corporation program.

Last Update: July 22, 2025

AB, Canada

Loans for Alberta First Nations entrepreneurs

At a glance

Eligible Funding

No Condition

Timeline

Open Date : July 9, 2024
Closing date : July 9, 2024

Financing Type

Loans and Capital investments

Eligible Industries

Finance and insurance

Funds Providers

Unspecified

Program status

Closed

Overview

Get a repayable loan for a period of up to 5 years to help you start, buy, expand or diversify a business. You must contribute some of your own equity to finance the business, and in some cases, some outside equity financing may be available.

Financing terms and conditions

The Alberta Indian Investment Corporation provides tailored financial services to support First Nation entrepreneurs in establishing and growing their businesses. The financing modalities offer a variety of loan and equity options with competitive terms.

Interest-bearing loans for the establishment, acquisition, diversification, or expansion of a business.
Equity financing options available in addition to loans.
Loans available for both on and off-reserve businesses.
Specific loans offered for equipment, setting up new businesses, business expansion, and working capital needs.
Life insured loans to provide additional financial security.
Choice between fixed or floating interest rates, providing flexibility in financial planning.
Flexible repayment terms tailored to the business’s cash flow capabilities.
Highly competitive interest rates and terms.

Activities funded

The Alberta Indian Investment Corporation provides financial services specifically intended to aid First Nation entrepreneurs in establishing and growing their businesses. The eligible activities focus on business setup, expansion, and managing equipment or working capital needs.

Loans to on and off-reserve businesses.
Equipment loans.
Loans to set up a new business.
Loans to expand an existing business.
Loans for working capital.
Equity Financing.
Life insured loans.

Examples of admissible projects:

$ 50,000

Expanding an artisanal cheese production business

$ 40,000

Diversifying business operations in a sustainable fashion brand

$ 35,000

Acquiring a local bookstore to diversify product offerings

$ 60,000

Establishing a new eco-friendly bakery with artisan products

$ 35,000

Providing working capital for a social enterprise's expansion

$ 70,000

Purchasing new equipment for a tech startup

Eligibility

Eligibility for this grant is determined by specific requirements related to the applicant's status, location, and business structure.

The applicant must be a Status Indian who has resided in Alberta for at least one year.
If the applicant is a corporation or partnership, the Status Indian must own at least 51% of any shares, participate more than 51% in profits, and be actively involved in managing the business.
The applicant’s head office must be located in Alberta.

Who is eligible?

p>AIIC provides financial assistance through loans to businesses owned by Status Indians in Alberta, focusing on those looking to establish, acquire, diversify, or expand a business. To be eligible for these financial services, applicants must meet specific criteria, including residency requirements, equity participation, and management involvement.

Status Indians who have resided in Alberta for at least one year.
Businesses where the Status Indian owns at least 51% of shares and profits and is actively managing the business.
Head office must be located in Alberta.

Who is not eligible

This grant excludes certain types of businesses and industries from receiving financial assistance. The restrictions focus on ensuring that the grant supports businesses aligned with specific economic activities and excludes personal or speculative investments.

Personal loans, housing loans, or consumer loans.
Agricultural ventures, including farming and ranching.
Feasibility studies for projects without immediate implementation.
Investment properties, which are intended primarily for passive income or speculation.

Eligible expenses

AIIC provides financial assistance through loans and equity financing to First Nation entrepreneurs in Alberta. These funds are aimed at supporting the establishment, acquisition, diversification, or expansion of businesses.

Loans to establish a new business.
Loans to expand an existing business.
Equipment loans for business needs.
Provision of working capital through loans.
Availability of equity financing options.
Life insured loans to secure business financing.

Eligible geographic areas

This grant is specifically available to First Nation entrepreneurs whose businesses are based in Alberta. The geographical eligibility is focused on ensuring support for Status Indians who have lived in Alberta.

Businesses with a head office located in Alberta.

Selection criteria

The grant has specific evaluation and selection criteria that applicants must meet to be eligible for financial assistance:

Applicants must have a profitable business plan.
Applicants must contribute their own equity towards the financing.
Applicants must provide adequate collateral security.
Applicants must have an acceptable credit rating.

How to apply

Confirm Eligibility

Ensure you are a Status Indian residing in Alberta for at least one year.
If applying as a corporation or partnership, confirm a Status Indian controls at least 51% of shares and profits.
Make sure the business's head office is located in Alberta.

Develop a Business Plan

Create a detailed business plan showing potential profitability.
Establish a financial plan including your equity contribution and required collateral security.
Obtain an acceptable credit rating.

Contact AIIC

Reach out to AIIC for initial consultation and guidance on application process.
Gather and understand the necessary documents and requirements for application submission.

Prepare Application Documents

Compile necessary documents including your business plan, proof of equity, collateral security, and credit history.
Ensure all required information adheres to AIIC guidelines.

Submit Application

Submit your application form along with all supporting documents to AIIC.
Ensure accurate contact information is provided for follow-up.

Additional information

Here are additional relevant details for this grant:

AIIC provides loans with flexible repayment terms to cater to the borrower's financial capabilities.
Loan terms from AIIC can go up to a maximum of 5 years.
Interest rates for AIIC loans are competitive, meaning they are in line with or better than market averages.
The granted loans are life insured, potentially offering additional security for borrowers.
Loan options include either fixed or floating interest rates, allowing for flexibility in financial planning.

Apply to this program

Frequently Asked Questions about the Alberta Indian Investment Corporation Program

Here are answers to the most common questions about the Alberta Indian Investment Corporation. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.