CUSTOM-TAILORED ADVICE
AND FINANCING

To apply for a loan, complete the ‘Application for Financing” form and an agent will contact you as soon as possible.



ELIGIBLE CLIENTELE

First Nations
  • Abenaki
  • Algonquin
  • Atikamekw
  • Huron-Wendat
  • Malecite
  • Micmac
Native Alliance of Quebec



Coaching

SOCCA offers financing products and services in the form of non-refundable contributions, term loans and coaching to start, acquire or expand Aboriginal businesses.

  • Consulting
  • Support in the development of the project
  • Participation in the financing package of your project
  • Business monitoring

TERM LOAN

SOCCA leads the way to financing your business projects and accompanying you in the fulfilment of your dreams, big and small.

Characteristics

  • For the start-up, acquisition or expansion of an Aboriginal business
  • The amount of the loan is determined by the borrower’s repayment capacity
  • The value of guarantees offered must be sufficient to reasonably cover the amount borrowed
  • AS AN EXAMPLE

    Building and land Up to 70%
    Equipment Up to 70%
    Inventory Up to 50%
    Working capital 0%

GENERAL INFORMATION

Equity required

  • Minimum 10% of the total cost of the project
  • The transfer of assets may be considered as equity

Interest rates

  • Competitive and comparable to other traditional financial institutions
  • Based on the risk associated with the project

Duration

  • Based on the lifespan of the asset
  • Up to 30 years

DOCUMENTS REQUIRED

To apply for financing you must provide us with the following:

  • Application for financing form
  • Personal balance sheet form
  • Declaration regarding the accuracy of information provided and consent to gather, keep, use and disclose personal information Form
  • Résumé
  • Proof of Aboriginal ancestry (copy of the Indian Status card or member of the Native Alliance of Quebec)
  • Business plan (if already prepared)



For an existing business

  • Financial statements for the last three years
  • Recent interim financial statements
  • Governing documents of the business
  • Ownership agreement (where applicable)

Why choose SOCCA

SOCCA is a specialized financial institution established since 1992

SOCCA has unique expertise and a personalized approach adapted to the specific needs of First Nations



SOCCA’s employees form a stable, high qualified multidisciplinary team with established credentials

SOCCA is a preferential partner for your business projects



SOCCA is surrounded by financial partners able to meet the particular expectations of an Aboriginal market