COVID-19
Short-term, interest-free loans and non-repayable contributions of up to $306.8 million are available for small and medium-sized Indigenous businesses through Aboriginal financial institutions.
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“Aboriginal entrepreneurs and business owners face several obstacles in accessing financing for start-up, on-going operations, acquisitions, and expansions.” *
Indigenous banking at BDC
$400M committed to clients as of March 31, 2020
9 account managers dedicated exclusively to Indigenous entrepreneurs
800 Indigenous clients across Canada
Indigenous Entrepreneur Loan
Get up to $350,000 to start or grow your business, whether you operate on or off reserve.
Benefits for your business
Flexible repayment terms to protect your cash flow
Flexible financing to get your business off the ground or grow your company.
A loan that gives back to charity
BDC will give back part of the interest paid on the loan to a registered charity of your choice.
Limited personal risk
Your personal assets are not taken as collateral for the loan.
Advisory Services
Financial management
Learn the basics of financial management in a way that’s relevant to your business
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Sales and marketing
Define the best sales and marketing channels to increase your sales
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Strategic planning
Protect and strengthen your position in the marketplace by aligning your management team behind one vision.
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Testimonial
If you’re Aboriginal, the entrepreneur is there inside you. You can start up your own business, whether it be a retail store, a restaurant or anything. Being Aboriginal doesn’t stop you from doing anything. We are creating jobs for people. We are taking care of ourselves. So it’s time to be proud of First Nations in Canada. It’s amazing. It’s good.
With help from BDC, ID Fusion was able to successfully acquire a strategic partner to help us increase our market share. As a direct result of the acquisition, we were quickly able to land key contracts with a number of organizations.
BDC has been true advocate for my business and showed confidence in our growth potential. This is a bank that genuinely cares about entrepreneurs!
Summer student
Summer student and internship program
This program provides Indigenous (First Nation, Métis and Inuit) youth with summer employment and internship experience while they are attending college or university.
The registration period is over
Publications
Get a free Inuktitut version of our eBook.
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Talk to someone in your area
Contact us to access financing and advisory solutions specially designed for Indigenous entrepreneurs.
* The Conference Board of Canada, Opportunities to improve the financial ecosystem for Aboriginal entrepreneurs and SMEs in Canada, (2017). Report prepared for The National Aboriginal Capital Corporations Association (NACCA) and BDC