Alberta Indian Investment Corporation
AB, Canada
Loans for Alberta First Nations entrepreneurs
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|openingDateJuly 09, 2024
- grant_single|closingDateJuly 09, 2024
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Alberta Indian Investment Corporation (AIIC)
grant_single|status
grant_card_status|closed
grant_single_labels|preview
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.
grant_single_labels|projects
Projects or activities eligible for this grant include:
- Establishing a new business
- Expanding an existing business
- Acquiring a business
- Diversifying business operations
- Purchasing equipment for business
- Obtaining working capital for business
grant_single|admissibleProjectsExample
$60,000
Vancouver
Establishing a new eco-friendly bakery with artisan products
$35,000
Halifax
Providing working capital for a social enterprise's expansion
$50,000
Toronto
Expanding an artisanal cheese production business
$40,000
Ottawa
Diversifying business operations in a sustainable fashion brand
$70,000
Calgary
Purchasing new equipment for a tech startup
$35,000
Montreal
Acquiring a local bookstore to diversify product offerings
grant_single_labels|admissibility
- Must be a Status Indian who has resided in Alberta for at least one year
- If a corporation or partnership, the Status Indian must own at least 51% of any shares, participate more than 51% in profits, and be active in managing the business
- The applicant’s head office must be in Alberta
grant_eligibility_criteria|who_can_apply
There are eligible types of companies for this grant.
- Status Indian entrepreneurs in Alberta looking to establish, acquire, diversify, or expand a business.
- On and off-reserve businesses, equipment loans, new business setups, and business expansions are also eligible.
grant_eligibility_criteria|who_cannot_apply
There are specific types of companies that are not eligible for this grant. These include:
- Personal, housing, or consumer loans
- Farming, ranching, or other agricultural ventures
- Feasibility studies
- Investment properties
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant may include equipment loans, working capital, setting up a new business, expanding an existing business, and equity financing.
- Equipment loans
- Working capital
- Setting up a new business
- Expanding business
- Equity Financing
grant_single_labels|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.
grant_single_labels|register
- Step 1: Prepare a business plan
- Must demonstrate the profitability of the business
- Step 2: Contribute equity to the total financing
- Ownership of at least 51% for corporations or partnerships
- Step 3: Arrange for adequate collateral security
- Step 4: Ensure an acceptable credit rating
Apply to this program
