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TACC First Citizens Fund (FCF) Loan
Loans with partial forgiveness for Indigenous entrepreneurs in Coast Salish
Last Update: March 4, 2026
Funding available
$ 75,000
Timeline
- Open continuously
Location
British Columbia, Canada
Overview
Get a loan of up to $75,000, with 40% forgiveness of the principal amount, to start or grow a business.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- No objectives are currently available
Eligible Funding
- Maximum amount : 75,000 $
- Up to 85% of project cost
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- All industries
Location
- British Columbia
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
The TACC First Citizens Fund (FCF) Loan supports the entrepreneurial ventures of Aboriginal entrepreneurs, helping them establish and grow their businesses. Given the grant's focus, projects eligible for this loan revolve around business creation and expansion.
- New business ventures initiated by Aboriginal entrepreneurs.
- Expansion projects for existing Aboriginal-owned businesses.
- Investments in business infrastructure and operations improvements.
- Activities that enhance the sustainability and economic viability of Aboriginal businesses.
Eligibility
Who is eligible?
Aboriginal Entrepreneurs including Status, Métis, Inuit, and Non-Status Indians residing in the Coast Salish Territory.Eligible geographic areas
This grant is specifically available to Aboriginal Entrepreneurs residing in a particular territory. The eligible geographical area is defined by the cultural and historical boundaries of the Coast Salish Territory.
- Coast Salish Territory
Additional information
Here are additional relevant details for these financing options:
- The FCF Loan offers a 40% forgiveness on the principal, which can significantly reduce the overall debt.
- The interest rates differ for each loan type, with FCF at a fixed 12% and Conventional Loan starting at 8% based on credit.
- Both loan options require a 15% minimum cash equity contribution from the applicant.
- For the FCF Loan, the forgivable portion is applied at four distinct intervals throughout the loan term based on specific conditions.
- Borrowers are subject to a 1.5% fee which covers business client care services provided by TACC.
- It's important to understand and agree to the terms and conditions outlined in the FCF Agreement to receive forgiveness benefits.
Documents and links
Frequently Asked Questions about the TACC First Citizens Fund (FCF) Loan Program
Here are answers to the most common questions about the TACC First Citizens Fund (FCF) Loan. 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 TACC First Citizens Fund (FCF) Loan?
Get a loan of up to $75,000, with 40% forgiveness of the principal amount, to start or grow a business.
How much funding can be received?
TACC First Citizens Fund (FCF) Loan Funds up to 85% of admissible expenses, capped at $75,000 per project.
Who is eligible for the TACC First Citizens Fund (FCF) Loan program?
To be eligible for the TACC First Citizens Fund (FCF) Loan program, you must:
Businesses must be at least 51% Aboriginal owned and operated.
Applicants must include Status, Métis, Inuit, or Non-Status Indians residing in the Coast Salish Territory.
What expenses are eligible under TACC First Citizens Fund (FCF) Loan?
The TACC First Citizens Fund (FCF) Loan supports the entrepreneurial ventures of Aboriginal entrepreneurs, helping them establish and grow their businesses. Given the grant's focus, projects eligible for this loan revolve around business creation and expansion. New business ventures initiated by Aboriginal entrepreneurs.
Expansion projects for existing Aboriginal-owned businesses.
Investments in business infrastructure and operations improvements.
Activities that enhance the sustainability and economic viability of Aboriginal businesses.
Who can I contact for more information about the TACC First Citizens Fund (FCF) Loan?
You can contact Tale'awtxw Aboriginal Capital Corporation.
Where is the TACC First Citizens Fund (FCF) Loan available?
The TACC First Citizens Fund (FCF) Loan program is available the province of British Columbia.
Is the TACC First Citizens Fund (FCF) Loan a grant, loan, or tax credit?
TACC First Citizens Fund (FCF) Loan is a Loans and Capital investments