Term Loan
SOCCA is here to support you every step of the way. Through our tailored financing solutions and expertise, we help Indigenous entrepreneurs realize their ambitions by providing financial support.
General Information
Down payment required
Interest rate
Duration
Down payment required
• Minimum 10% of the total project cost
• Transfer of assets may be considered a down payment
Interest rate
• Competitive and comparable with traditional financial institutions
• Based on the risk
associated with the project
Duration
• Based on the lifespan of the asset
Characteristics
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
FOR EXAMPLE:
Building and land
-- Up to 70 %
Equipment
-- Up to 70 %
Inventory
-- Up to 50 %
Working capital
-- 0 %
ELIGIBLE CLIENTELE
First Nations
Anishinaabe
Atikamekw
Eeyou (Cree)
Mi’gmaq
Wendat
Wolastoqiyik