SOCCA — Term loan for Indigenous businesses

Term loan for Indigenous-led business projects

First Nations businesses can get a term loan of up to 70% of eligible costs for starting, expanding, or acquiring a new businesses. An equity of a minimum of 10% of the total cost of the project is required.

1. Review eligibility criteria to ensure you qualify for the loan 2. Gather required documents, including the "Application for financing" form, "Personal Balance Sheet" form, "Déclaration" form, up-to-date resume, proof of Indigenous ancestry, and a business plan if available 3. Collect company documents if applicable, such as financial statements for the last 3 years, recent interim financial statements, company's formation documents, and agreement between owners 4. Submit all required documents by mail or digitally to administration@socca.qc.ca