AIIC provides interest-bearing loans to First Nation entrepreneurs for the purpose of establishing, acquiring, diversifying or expanding a business. In some cases, equity financing may also be available. Interest rates are competitive. Loans are generally for periods of up to 5 years.

Financial Assistance

• Loans to on and off-reserve businesses
• Equipment loans
• Loans to set up a new business
• Loans to expand business
• Loans for working capital
• Equity Financing
• Life insured loans
• Fixed or floating interest rates
• Flexible repayment terms
• Competitive rates/terms

Applicants for financial assistance must:

• have a business plan which shows that their business will be profitable
• contribute their own equity as a portion of the total financing of the business
• have adequate collateral security
• have an acceptable credit rating

Eligibility

To be eligible for AIIC services, applicants must meet the following criteria:

• must be a Status Indian who has resided in Alberta for at least one year;
• if a corporation or partnership, the Status Indian must own at least 51% of any shares, participate more than 51% in profits, and above all, must be active in managing the business;
• The applicant’s head office must be in Alberta.

The following types of funding applications are generally ineligible for A.I.I.C financing services:

• personal, housing or consumer loans
• farming, ranching or other agricultural ventures
• feasibility studies
• Investment properties