Indian Business Corporation (IBC)
The mandate of IBC is to provide individual First Nations farmers, ranchers and businesses with access to capital.
Eligibility Criteria
Alberta Treaty individuals or groups.
Loan Approval Criteria
The venture must have owner equity, technical and financial viability. The maximum loan amount is $500,000. All financing is secured by assets satisfactory to IBC.
Owner Equity
The minimum equity requirement for all loans is 20%, of which at least half is to be in the form of cash equity. This is the minimum requirement and must increase due to the unfavourable risk factors such as prior credit difficulties, unfavourable risk evaluation or any other mitigating factor. Assets may be acceptable to IBC in lieu of cash.
Summary
- Loan services
- Financial brokerage
Financing provided for viable traditional and agri-business ventures. Financing to be used for:
-
Equipment
- Land & improvements (off reserve)
- Purchase of live stock
Visit http://www.indianbc.ca/
Alberta Contact(s):
Indian Business Corporation
#56, 2333 - 18 Avenue NE
Calgary, Alberta T2E 8T6
Telephone: (403) 291-5151
Fax: (403) 291-0953
Toll-free (information): 1-800-387-4813
E-mail:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
11420 - 142 Street
Edmonton, Alberta T5M 1V1
Telephone: 780-944-2879
Fax: 780-455-2514
Toll-free (information): 1-800-631-0025
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
