First Citizens Fund — Business Loan Program
BC, Canada
Business loans for Indigenous entrepreneurs in British Columbia
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Government of British Columbia
- Ministry of Indigenous Relations and Reconciliation (BC)
grant_single|status
grant_card_status|open
grant_single_labels|preview
Partnership loan program with four Aboriginal Capital Corporations located throughout British Columbia.
grant_single_labels|projects
grant_single|admissibleProjectsExample
$85,000
Kelowna
Opening a sustainable organic produce market to support local farmers
$65,000
Vancouver
Launching a new Indigenous clothing brand, specializing in sustainable and artisanal fashion
$75,000
Toronto
Implementing a recycling program schools to promote environmental awareness and sustainability
$110,000
Calgary
Starting a tech start-up for developing language learning apps to preserve Indigenous languages
$125,000
Ottawa
Launching an e-commerce platform to sell Indigenous crafts globally
$90,000
Victoria
Establishing a community co-op café, focusing on locally-sourced and fair-trade products
grant_single_labels|admissibility
grant_eligibility_criteria|who_can_apply
There are eligible types of companies for the First Citizens Fund Business Loan Program in British Columbia. Indigenous entrepreneurs seeking business loans for their ventures are eligible to apply.
- Indigenous-owned businesses
- Entrepreneurs with a business located in British Columbia
- Individuals looking to start or expand a business
- Companies operated by Indigenous Peoples
grant_eligibility_criteria|eligible_expenses
- Start-up costs
- Working capital
- Inventory and supplies
- Equipment
- Leasehold improvements
- Marketing and promotional expenses
grant_single_labels|criteria
The First Citizens Fund Business Loan Program for Indigenous entrepreneurs in British Columbia has specific evaluation and selection criteria:
- Demonstrated need for financing to support a viable business venture
- Ability to repay the loan within the specified terms
- Sound business plan and management team
- Preference may be given to businesses that demonstrate social and economic benefits to the Indigenous community
grant_single_labels|register
- Contact one of the lenders listed in the grant information.
- Request application information and guidance on the process.
- Prepare necessary documentation for the loan application.
- Submit the completed application to the chosen lender.
- Follow up with the lender for any additional information or clarifications.
grant_single_labels|contact
irrinfo@gov.bc.ca
Apply to this program
First Citizens Fund Business Loan Program Summary
The First Citizens Fund Business Loan Program provides financial support to Indigenous entrepreneurs in British Columbia through business loans offered by the Aboriginal Business Loan Program. The program is delivered by All Nations Trust Company in partnership with four Aboriginal Capital Corporations located throughout the province.
First Citizens Fund Business Loan Program Details
The First Citizens Fund Business Loan Program is a crucial initiative that aims to empower Indigenous businesses in British Columbia by providing accessible financing options. This program is administered by the Aboriginal Business Loan Program, which is operated by All Nations Trust Company in collaboration with four Aboriginal Capital Corporations strategically placed across the province. The program's main objective is to support the growth and development of Indigenous entrepreneurship, fostering economic prosperity within Indigenous communities.
Through the First Citizens Fund Business Loan Program, Indigenous entrepreneurs can access capital to start or expand their businesses. The loans offered through this program are specifically tailored to meet the unique needs of Indigenous businesses, taking into account cultural considerations and community values.
One of the key features of the First Citizens Fund Business Loan Program is its focus on providing support and resources to Indigenous entrepreneurs throughout the loan application process. The program offers guidance and assistance to help applicants navigate the requirements and successfully secure financing for their business ventures.
By facilitating access to capital, the First Citizens Fund Business Loan Program plays a vital role in driving economic development and fostering sustainable business growth within Indigenous communities. The program contributes to building a more inclusive and prosperous economy by empowering Indigenous entrepreneurs to realize their business goals and contribute to the overall economic landscape of British Columbia.
Businesses operated by Indigenous entrepreneurs play a significant role in preserving cultural heritage, creating employment opportunities, and driving innovation within their communities. The support provided through the First Citizens Fund Business Loan Program helps Indigenous businesses thrive and succeed, ultimately benefiting the broader economy of British Columbia.
Indigenous entrepreneurship is a fundamental component of the economic fabric of British Columbia, and programs like the First Citizens Fund Business Loan Program play a crucial role in nurturing a supportive environment for Indigenous businesses to prosper. By offering financial assistance and expertise, the program enables Indigenous entrepreneurs to overcome barriers and seize opportunities for growth and success.
In conclusion, the First Citizens Fund Business Loan Program is a vital resource for Indigenous entrepreneurs seeking to establish or expand their businesses in British Columbia. By providing essential financial support and guidance, the program empowers Indigenous business owners to achieve their entrepreneurial aspirations and contribute to the economic vibrancy of their communities.
