First Citizens' Fund

Funder
All Nations Trust Company
Type
Loan
Region
British Columbia, Canada
Minimum Amount
CA$75,000.00
Maximum Amount
CA$225,000.00

The First Citizens’ Fund (FCF) is a perpetual fund that was established by the Government of British Columbia in 1969, with an initial allocation of $25 million.  In 2001, the Government of British Columbia doubled the existing value of the fund, and the First Citizens’ Fund is now approximately $72 million.

Eligibility

You or your company are eligible for a First Citizens’ Fund business loan if:

• You are an individual of North American Indigenous ancestry (Status, Non-Status, Métis and Inuit) who lives in British Columbia.
• Your business or organization is at least 51% owned and operated by North American Indigenous people living in British Columbia. The business may be operated as a proprietorship, partnership, cooperative, or an incorporated company. An organization may include Indigenous non-profit societies that intend to organize and run a separate business.
• You submit a detailed, workable business plan that fully explains your business proposal.
• Your business plan shows that your proposed business can lead to permanent employment opportunities.
• Your head office and main business operation is in British Columbia.
• You meet equity and security requirements as defined by the Aboriginal Capital Corporation to which you are applying.
• You have not already received your “Lifetime Maximum Amount” of $76,125.00 which is the total maximum amount in Program Loans that a Borrower is eligible to receive under the Loan Program.

 

Contact Details
Email
antco@antco.ca
Contact Details
Guidelines
https://www....