Aboriginal Business Financing Program (ABFP)

Overview of the Aboriginal Business Financing Program (ABFP) program:

The Aboriginal Savings Corporation of Canada (ABSBAN) offers a range of financial services tailored to meet the needs of Indigenous communities. Whether you're looking for savings products, financing for home purchase, renovation or construction, starting or expanding a construction-related business, or support for developing your Access to First Nation housing program, ABSBAN is here to help

Benefits of the Aboriginal Business Financing Program (ABFP) program:

• The ABFP program benefits startups who need
• Start-up, acquisition or expansion of a business
• Implementation of marketing activities
• Project-related management
• Professional advisory services after the business is launched (accountant or other)
• Development of a business plan, marketing plan or feasibilities studies (assessments, environmental studies, etc.)

Eligibility criteria of the Aboriginal Business Financing Program (ABFP) program:

• FIRST NATIONS
• Abenaki
• Algonquin
• Atikamekw
• Cree
• Huron-Wendat
• Malecite
• Micmac
• NATIVE ALLIANCE OF QUEBEC
• To be eligible, applicants must meet the following criteria:
• Affiliation: Must be a First Nation, a member of the Native Alliance of Quebec, or a corporation owned by either a First Nation or the Native Alliance of Quebec, or one of their members.
• Financial Resources: Must have the necessary financial resources, with a minimum equity of 10% of the project cost.
• Business Viability: Must present a viable business project.
• Credit Rating: Must have a good credit rating.
• Experience and Training: Must have relevant experience and training in the field of activities.
• Full-Time Commitment: Must be fully involved in the business on a full-time basis.
• Sector Restrictions: Must not operate in the sectors of gambling, sex, alcohol, or tobacco.
• These criteria ensure that applicants are well-prepared and positioned for success, fostering sustainable and responsible business practices.