Open
Last Update: March 4, 2026
Funding available
Up to 70% of project cost
Timeline
- Open continuously
Location
Capitale-Nationale, Quebec, Canada
Overview
If your First Nations business is looking to start-up, expand, acquire a new business, you can get a competitive term loan to help cover up to 70% of the costs, so long as you can contribute at least 10% of the costs yourself.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Launch or market a product/service
- Renovate or expand facilities
Eligible Funding
- Up to 70% of project cost
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Arts, entertainment and recreation
- Accommodation and food services
- Other services (except public administration)
- Public administration
Location
- Capitale-Nationale
- Quebec
Legal structures
- For-profit business
- Sole proprietorship
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Indigenous Peoples
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
This grant facilitates funding for Indigenous businesses seeking to improve or develop their commercial activities in various sectors. Eligible projects focus on establishing new businesses or expanding existing structures.
- Starting a new Indigenous business.
- Acquisition of existing businesses by Indigenous entrepreneurs.
- Expansion of activities of an existing Indigenous business.
- Investments in buildings and land.
- Purchase of equipment necessary for the business.
- Renewal or increase of inventory.
Eligibility
Who is eligible?
This loan program is specifically designed for Aboriginal businesses and members of the First Nations in Quebec, including Abenaki, Algonquin, Atikamekw, Huron-Wendat, Malecite, and Micmac communities. Additionally, members of the Native Alliance of Quebec are eligible to apply for this financial assistance.
Eligible expenses
This grant is intended to facilitate the financing of Indigenous initiatives in entrepreneurial development. Eligible activities particularly focus on the startup, acquisition, or expansion of Indigenous businesses.
- Startup of an Indigenous business.
- Acquisition of an existing business by members of First Nations.
- Expansion of existing Indigenous businesses.
Additional information
Here are additional relevant details for this loan program:
- Equity requirement is a minimum of 10% of the total project cost, and asset transfer can be considered as equity.
- Interest rates are competitive, based on the associated project risk, and comparable to other financial institutions.
- Loan duration can extend up to 30 years, depending on the lifespan of the asset.
- The amount of the loan is determined by the borrower’s repayment capacity and the value of guarantees offered must reasonably cover the amount borrowed.
- The initiative specifically supports the start-up, acquisition, or expansion of Aboriginal businesses.
- The organizational contact information includes phone lines available from Monday to Thursday, 8:00 am - 4:00 pm, and Friday, 8:00 am - 3:00 pm at the Native Commercial Credit Corporation's address in Wendake.
Documents and links
Frequently Asked Questions about the SOCCA — Term loan for Indigenous businesses Program
Here are answers to the most common questions about the SOCCA — Term loan for Indigenous businesses. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the SOCCA — Term loan for Indigenous businesses?
If your First Nations business is looking to start-up, expand, acquire a new business, you can get a competitive term loan to help cover up to 70% of the costs, so long as you can contribute at least 10% of the costs yourself.
How much funding can be received?
SOCCA — Term loan for Indigenous businesses Funds up to 70% of admissible expenses.
Who is eligible for the SOCCA — Term loan for Indigenous businesses program?
To be eligible for the SOCCA — Term loan for Indigenous businesses program, you must:
The business must be an Aboriginal enterprise focused on start-up, acquisition, or expansion.
Eligibility is open to members of First Nations, including Abenaki, Algonquin, Atikamekw, Huron-Wendat, Malecite, Micmac, or members of the Native Alliance of Quebec.
What expenses are eligible under SOCCA — Term loan for Indigenous businesses?
This grant facilitates funding for Indigenous businesses seeking to improve or develop their commercial activities in various sectors. Eligible projects focus on establishing new businesses or expanding existing structures. Starting a new Indigenous business.
Acquisition of existing businesses by Indigenous entrepreneurs.
Expansion of activities of an existing Indigenous business.
Investments in buildings and land.
Purchase of equipment necessary for the business.
Renewal or increase of inventory.
Where is the SOCCA — Term loan for Indigenous businesses available?
The SOCCA — Term loan for Indigenous businesses program is available Capitale-Nationale, Quebec.
Is the SOCCA — Term loan for Indigenous businesses a grant, loan, or tax credit?
SOCCA — Term loan for Indigenous businesses is a Loans and Capital investments
Who are the financial supporters of the SOCCA — Term loan for Indigenous businesses?
SOCCA — Term loan for Indigenous businesses is funded by SOCCA