Amount:
No Fixed Amount
Type of Program:
Loan
Description:
As Canada’s leading agriculture and food lender, FCC is proud to provide on and off-reserve financing and resources to Indigenous entrepreneurs, economic development corporations and First Nations communities. In addition to agriculture activities, FCC has also expanded their eligibility to include traditional Indigenous harvesting from natural sources.
Comments on Funding:
The applicant will pay interest and other fees, if applicable.
When It Ends:
Ongoing
Deadline:
Rolling deadline
Eligibility:
Applicants must be:
Applications Steps:
Applicants must contact a FCC representative for details.
Documentation Needed:
Applicants must:
- 1generate a net worth statement,
- 2collect past three years of tax returns or accountant-prepared financial statements,
- 3gather recent pay stubs or written employer verification for off-farm income (if applicable),
- 4bring government-issued photo ID (drivers license, passport),
- 5collect shareholder agreements (if any),
- 6assemble copies of existing operating loan agreements (if applicable),
- 7build a business and marketing plan,
- 8prepare and maintain a cash flow budget.
Other documentation might be required to prove the Indigenous status.
Other Things to Note:
Financial institutions deliver the program and are solely responsible for approving the loan. Once the decision is made to offer financing under the program, the financial institution will disburse the funds and register the loan with Innovation, Science and Economic Development Canada.
The cost associated with a CSBFP loan are: a 2% registration fee, a fixed or variable interest rate and other lender fees.
