Indian Business Corporation Services
grant_single|update January 24, 2025
BC, Canada
Loans for First Nations' businesses in British Columbia
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
grant_single|grantors
- Indian Business Corporation
grant_single|status
grant_card_status|open
grant_single_labels|preview
Loans for agriculture and live stock purchases, heavy equipment and machinery, and other viable business opportunities.
grant_single_labels|terms_and_conditions
This grant offers essential financing terms to help indigenous businesses thrive by ensuring resources are allocated in a manner that supports financial sustainability and growth.
- A minimum owner equity contribution of 10%, with at least half required as cash equity, to support funding stability.
- Provision for the use of existing or purchased livestock as collateral, secured by branding with the IBC brand.
- Execution of loan collateral agreements free of liens to maintain secured interest in assets.
- Adherence to credit standards with a strong resolution of any past credit issues, ensuring a foundation for successful loan approval.
grant_single_labels|projects
grant_single|admissibleProjectsExample
$ 25,000
Implementing advanced irrigation systems for local community gardens
$ 200,000
Upgrading equipment for family-owned organic farm operations
$ 130,000
Purchasing organic seeds and livestock for sustainable agriculture
$ 150,000
Purchasing heavy machinery for expanding dairy farming operations
$ 35,000
Creating a beekeeping operation for local honey production
$ 50,000
Developing an urban farming initiative for local food production
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the venture's financial and technical standing.
- The venture must have a minimum owner equity of 10%, with at least half in cash equity.
- The venture must demonstrate technical and financial viability.
- All loan collateral must be free and clear of liens.
- Credit rating must be acceptable to IBC, with no outstanding judgments or collections.
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