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Tale'awtxw Aboriginal Capital Corporation
Conventional business loans for Indigenous entrepreneurs in Coast Salish
Helps businesses in the Coast Salish Territory get a loan to start or grow their operations. Offers up to $3 million with flexible repayment options.
Conventional business loan similar to mainstream financing, without a forgiveness portion. Features flexible amortization (1-10 years), sliding scale interest rate starting at 8%, and a 1.5% borrower's fee. Note: One section mentions borrowing up to $3,000,000, but a later summary indicates up to $250,000 (OAC).
Region: Coast Salish territory
Demographics: indigenous
Other Criteria: 15% minimum cash equity contribution required, satisfactory credit rating, satisfactory equity check, cannot be applied for on a standalone basis (must supplement other financing)
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Visit the program page for detailed eligibility requirements.
This program offers funding up to $3,000,000 (minimum $10,000).
This program accepts applications on a rolling basis.
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