Financial support to Indigenous businesses and support to Aboriginal Financial Institutions
The funding will allow for short-term, interest-free loans and non-repayable contributions through Aboriginal Financial Institutions, which offer financing and business support services to First Nations, Inuit, and Métis businesses – from Indigenous Services Canada
We can help with your strategy & submission: info@thesectorinc.ca
Indigenous Services Canada
Indigenous Services Canada (ISC) works collaboratively with partners to improve access to high quality services for First Nations, Inuit and Métis. Our vision is to support and empower Indigenous peoples to independently deliver services and address the socio-economic conditions in their communities.
How it works
Financial support for Indigenous businesses will be provided through Aboriginal Financial Institutions, and administered by the National Aboriginal Capital Corporations Association and the Métis capital corporations in partnership with Indigenous Services Canada.
About the measures
The Government of Canada will provide up to $306.8 million in interest-free loans and non-repayable contributions for First Nations, Inuit, and Métis businesses.
This measure is part of the Government of Canada’s COVID-19 Economic Response Plan. Financial support will be provided through Aboriginal Financial Institutions and administered by the National Aboriginal Capital Corporations Association, as well as the Métis Capital Corporations in partnership with Indigenous Services Canada.
These federal support measures should complement support offered by the provinces and territories.
Who this supports
Small and medium-sized Indigenous businesses that are current or former clients of an Aboriginal Financial Institution.
How it works
Up to $40,000 will be available to small and medium-sized Indigenous businesses:
- an interest-free loan up to $30,000
- a non-repayable contribution up to $10,000
Contact your Aboriginal Financial Institution to apply for support – we can help!
If your business has an established relationship with a major bank, you may choose to get support from the Canada Emergency Business Account instead.
Contact your Aboriginal Financial Institution or the National Aboriginal Capital Corporations Association for help determining the best options for relief for your business.
We can help with your strategy & submission: info@thesectorinc.ca