How much funding can be received?

Funds up to 10% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Indian Business Corporation Services?

Indian Business Corporation Services is funded by Indian Business Corporation

What are Indian Business Corporation Services's eligibility criterias?

The venture must have owner equity with at least 10% equity requirement, half of which should be in cash. All financing must be secured by assets satisfactory to IBC. A credit rating acceptable to IBC is required, with resolved past credit issues.

Indian Business Corporation Services

Last Update: January 24, 2025

BC, Canada

Loans for First Nations' businesses in British Columbia

Indian Business Corporation Services at a glance

Eligible Funding

Up to 10% of project cost

Timeline

Continuous Intakes

Financing Type

Loans and Capital investments

Eligible Industries

Agriculture, forestry, fishing and hunting

Grant Providers

Indian Business Corporation

Status

Open

Overview of the Indian Business Corporation Services program

Loans for agriculture and live stock purchases, heavy equipment and machinery, and other viable business opportunities.

Financing 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.

Eligible projects & activities

Examples of admissible projects:

$ 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

Eligibility criteria of the Indian Business Corporation Services program

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.

How to apply to the Indian Business Corporation Services program

Review Eligibility Criteria

Ensure your business meets the owner equity and collateral requirements specified by IBC.
Verify that your credit rating is acceptable and that all past credit issues are resolved.

Gather Required Documentation

Prepare a BCR regarding IBC reserve access.
Draft a comprehensive Business Plan or Outline, if applicable.

Download Application Form

Visit the IBC webpage.
Download the printable application form available in PDF format.

Complete Application Form

Fill out the downloaded application form thoroughly and accurately.
Review all information for completeness and correctness.

Submit Application

Submit the completed application form along with all required documents to the designated IBC point of contact.
Ensure submission is made before any specified deadlines.