Business Equity Program (BEP)

Overview of the Business Equity Program (BEP) program:

Tale’awtxw Aboriginal Capital Corporation (TACC) is pleased to announce the expansion of its economic development activities with the addition of the Business Equity Program. The BEP will consider non-repayable contributions to Aboriginal clients for eligible capital and business support to start, expand, or acquire a viable business. Non-repayable contributions for business plans, marketing, and other related business support services will also be considered. The BEP may contribute up to a maximum of $99,999 for individuals and incorporated businesses, and up to $250,000 for community-owned businesses, based on a viable business plan and subject to other financing being in place. The program goal is to increase the number of viable businesses in the TACC service area owned and controlled by Aboriginal Canadians and to provide a supportive business environment for Aboriginal Canadians. • To cultivate a culture of entrepreneurship in the Aboriginal community and to improve access to business opportunities. • To enhance access to capital for Aboriginal businesses having difficulty obtaining conventional commercial financing

Benefits of the Business Equity Program (BEP) program:

• Developing business plans, marketing plans, or feasibility studies; Financed Up to 75%
• Establishing a business or acquiring information technology; Financed Up to 50%
• Expanding/acquiring a profitable business or developing new products, services, or production processes; Financed Up to 50%
• Implementing marketing initiatives; Financed Up to 60%
• Project-related management; Financed Up to 75%
• Accounting and professional business advice after you start your
• Business; Financed Up to 75%

Eligibility criteria of the Business Equity Program (BEP) program:

• Applicants to the BEP must be Canadian Aboriginal people or Canadian corporations,
• Partnerships, associations, or other legal entities majority owned and controlled by Canadian
• Aboriginal persons. A Canadian Aboriginal person is one who is a Status or non-Status Indian,
• Metis, or Inuk. Business projects can be located on or off reserve.
• Applicants must be involved full-time with the proposed business in a management capacity
• And must have the necessary certifications, qualifications, and licensing necessary to operate
• The business.
• Applicants must contribute cash equity to the project usually at least 15% of project costs
• And have a reasonable credit rating. (Checking your credit report is a good idea prior to
• Application refer to www.Equifax.ca).