TACC New Relationship Trust (NRT) Entrepreneur Equity Match Grant
grant_single|update January 24, 2025
Vancouver, BC
Grants for First Nations Entrepreneurs with TACC business loans
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Grant and Funding
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- Tale'awtxw Aboriginal Capital Corporation
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Get an equity match of up to $5,000 for BC First Nation entrepreneurs within the traditional Coast Salish territory for projects to establish, modernize or expand a business.
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This grant provides equity-matching financing options to BC First Nation entrepreneurs with a focus on supporting the development and growth of businesses. The funding structure ensures a partnership approach through matched financial contributions.
- Equity-matching funds cover up to $5,000 or 25% of the total project costs, whichever is less.
- Funding is contingent upon securing a matching cash equity from the entrepreneur.
- The disbursement of equity-matching funds is conditional upon the approval of a term loan by Tale’awtxw Aboriginal Capital Corporation.
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This grant supports BC First Nation entrepreneurs in establishing, modernizing, or expanding their businesses. The funding aims to match equity provided by entrepreneurs to enhance business development within the traditional Coast Salish territory.
- Establish a new business venture.
- Modernize an existing business to improve efficiency or competitiveness.
- Expand a current business to increase capacity or market reach.
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$ 1,125
Modernizing a traditional craft store to incorporate e-commerce capabilities
$ 3,000
Modernizing a fish processing facility with new refrigeration units
$ 1,500
Establishing a new eco-friendly cleaning service
$ 3,750
Establishing a new organic food delivery service
$ 2,250
Expanding a traditional Coast Salish art gallery with new exhibit space
$ 4,750
Expanding a community-run agricultural co-op with new equipment
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Eligibility for this grant is determined by specific criteria related to the applicant's location, business status, and financial agreements.
- The applicant must reside within the traditional Coast Salish territory.
- The applicant must be a BC First Nation entrepreneur or a First Nation community business, either status or non-status.
- Priority is given to BC First Nation entrepreneurs residing on-reserve.
- The applicant must provide cash equity for the equity-matching initiative.
- The equity-matching is contingent upon the approval of a term loan from TACC.
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The Entrepreneur Equity-Matching Initiative targets BC First Nation entrepreneurs and First Nation Community businesses within the traditional Coast Salish territory. Both status and non-status BC First Nation entrepreneurs are eligible, with a priority given to those residing on-reserve.
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Based on the information provided, BC First Nation entrepreneurs and First Nation Community businesses are the only eligible recipients for the grant, with priority given to BC First Nation entrepreneurs residing on-reserve.
- Non-First Nation entrepreneurs
- Businesses outside the traditional Coast Salish territory
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Eligible expenses for this grant include:
- Establishing, modernizing, or expanding a business
- Matching equity up to $5,000 or 25% of project costs
- Cash equity for the entrepreneur
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This grant is specifically available to BC First Nation entrepreneurs within the designated geographical areas. The primary eligibility criterion is residence within the traditional Coast Salish territory.
- Traditional Coast Salish territory.
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There are evaluation and selection criteria for this grant.
- Applicants must reside within the traditional Coast Salish territory.
- BC First Nation entrepreneurs and First Nation Community businesses are the only eligible recipients (status or non-status), with priority given to BC First Nation entrepreneurs residing on-reserve.
- Up to a maximum of $5000 or 25% of project costs, whichever is less, in matching equity is available per entrepreneur or community business.
- The entrepreneur equity must be cash equity.
- The equity-matching is conditional on TACC approving a term loan (debt-financing) for the entrepreneur or community business.
grant_single_labels_website|apply
1
Determine Eligibility
- Ensure you reside within the traditional Coast Salish territory.
- Confirm that you are a BC First Nation entrepreneur or part of a First Nation Community business.
2
Prepare Equity Contribution
- Gather proof of cash equity available for the project.
- Calculate the total project costs to determine the eligible matching equity amount, ensuring it does not exceed $5,000 or 25% of the total project costs.
3
Apply for TACC Term Loan
- Complete the application process for a term loan through TACC.
- Prepare necessary loan application documents as required by TACC.
4
Submission of Application
- Submit your loan application and equity-matching request to Tale’awtxw Aboriginal Capital Corporation (TACC).
- Ensure all documentation is complete and verifies the eligibility criteria.
5
Confirmation
- Wait for confirmation from TACC regarding the approval of your term loan, which is a prerequisite for the equity-matching fund.
- Upon approval, follow any additional instructions provided by TACC to finalize the grant process.
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The Entrepreneur Equity-Matching Initiative offers additional relevant details to consider:
- The funding is contingent on obtaining a term loan, highlighting a prerequisite for grant approval.
- The initiative supports a collaborative effort between NRT and TACC, suggesting potential resources or support from both organizations.
- Applicants should acknowledge this initiative is distinctly catered to enhancing the economic opportunities for BC First Nation entrepreneurs.
grant_single_labels_website|contact
info@tacc.ca
604-926-5626
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