
BDC Financing — Indigenous Entrepreneur Loan
- Open continuously
Overview
Get access to financing of up to $350,000 and help connecting with experts to grow or scale your business.
At a glance
Funding available
- Increase social or community impact
- Maximum amount : 350,000 $
- Open continuously
Eligible candidates
- All industries
- Canada
- For-profit business
- Sole proprietorship
- All revenue ranges
- All organization sizes
- Indigenous Peoples
Next Steps
Activities funded
The Indigenous Entrepreneur Loan is designed to support Indigenous business growth and development in Canada. The loan includes flexible financial solutions tailored to the needs of Indigenous entrepreneurs to ensure effective scaling and business expansion.
- Financing to grow or scale a business up to $350,000.
- Part of the interest paid on the loan can be donated to a registered charity of your choice.
Eligibility
Who is eligible?
Indigenous entrepreneurs looking to grow or scale their business can apply for the BDC Indigenous Entrepreneur Loan, which offers financing of up to $350,000 with flexible repayment terms, preferred rates, and no processing or annual administration fees. Additionally, part of the interest paid on the loan can be donated to a registered charity of the borrower's choice. Applicants can also connect with partners such as NACCA, CCAB, Pow Wow Pitch, and Futurpreneur for additional support and resources.Eligible expenses
The BDC grant aims to empower Indigenous entrepreneurs by providing financing, resources, and connections that bolster business growth and success. Eligible activities focus on expanding business operations, enhancing financial management skills, and fostering partnerships for sustainable development.
- Access to flexible loans for business growth and scaling up operations.
- Utilization of financial resources to protect cash flow with preferred rates.
- Engagement with partners such as NACCA for additional advice and financing solutions.
- Membership with CCAB to increase procurement opportunities as a certified diverse supplier.
- Participation in educational and mentoring programs through initiatives like Pow Wow Pitch.
- Enrollment in financial management courses to improve business finance handling.
- Collaboration with Futurpreneur for financing solutions to start a business for young entrepreneurs (aged 18-39).
Eligible geographic areas
This grant does not specify any geographical restrictions within Canada, allowing Indigenous entrepreneurs from various regions to apply. The focus is on supporting Indigenous businesses nationally, aligning with BDC's commitment to Indigenous entrepreneurship across Canada.
Additional information
Here are additional relevant details for BDC's Indigenous Entrepreneur Loan:
- A portion of the interest paid on the loan can be directed to a registered charity of your choice, allowing you to support community initiatives.
- BDC has a longstanding partnership with organizations such as NACCA, CCAB, and Futurpreneur to provide comprehensive support beyond financial loans.
- BDC's head office is located on unceded Indigenous lands, underlining their commitment to reconciliation and respect for Indigenous communities.
- The loan includes flexible repayment terms designed specifically to help protect your business's cash flow.