Aboriginal Business Financing Program (ABFP)

  • Native Commercial Credit Corporation
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.
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