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Alberta Indian Investment Corporation
Loans for Alberta First Nations entrepreneurs
Gives Aboriginal business owners loans to start, buy, expand, or diversify their businesses. Requires some personal investment from the owner.
The Status Entrepreneurs’ Assistance Program (SEAP) provides non-repayable equity support, up to $99,999, covering 30-40% of eligible project costs. This grant is designed to be blended with an AIIC loan (typically ~60%) and the applicant's own cash equity (~10%). The program also offers one-on-one support, business planning grants to offset professional planning costs, and aftercare services including mentorship, financial management support, and business advisory assistance.
Business Size: small
Region: Alberta
Demographics: Indigenous
Other Criteria: Status Indian who has resided in Alberta for at least one year, If a corporation or partnership, Status Indian must own at least 51% of shares, participate more than 51% in profits, and be active in managing the business, Head office must be in Alberta, Proof of Aboriginal ancestry required, 12 months of relevant industry experience, Project is a start-up, expansion, or acquisition, Business is viable/sustainable and can generate at least $20,000 annual income for the owner, Majority Indigenous ownership and control (over 50%), Ability to provide cash equity (~10% of total project cost), Ability to secure commercial financing for the remaining costs (e.g., AIIC loan for ~60% of total project cost), Have a business plan which shows that the business will be profitable, Have adequate collateral security, Have an acceptable credit rating
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Alberta Indian Investment Corporation
Loans for Alberta First Nations entrepreneurs
This program is available to small businesses located in Alberta.
This program offers funding up to $99,999.
Check the official program website for current deadlines.
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