Alberta Indigenous Opportunities Corporation — Loan Guarantees
$250,000,000.00
Loan Guarantee
Description:
AIOC’s Loan guarantees help Indigenous groups access capital that might otherwise be out of reach. With a loan guarantee in place, First Nation and Métis groups can get loans easier, and at preferred rates – allowing them to become equity owners in large-scale revenue-creating projects.
Comments on Funding:
AIOC manages a loan guarantee pool totalling $3 billion. The range for the loan guarantee we offer is a minimum $20 million to a maximum $250 million for projects in the natural resources, agriculture, telecommunication, transportation and tourism sectors.
Continuous Intake
Eligibility:
Applicants must:
1. Be an Indigenous group.
2. Métis Settlements established by the Métis Settlements Act.
3. Indian bands as defined by the Indian Act (Canada)
Consortium applications are allowed, provided at least one Alberta-based Indigenous group is a participating investor, and Alberta-based Indigenous ownership constitutes at least 25% of the total proposed investment.
Application Steps:
Applicants must approach the AIOC as early as possible in the exploration of an investment opportunity to review eligibility under program parameters. Contact AIOC via their official website.
Documentation Needed:
Applicants must submit an overview of the proposed investment, including risk and return, key commercial terms, and objectives to be achieved by pursuing the investment.
Other Things to Note:
Projects eligible for support may be in the Energy (upstream, midstream and downstream oil and gas, renewable energy, power, and coal), Mining, Forestry, Agriculture, Telecommunications or Transportation sectors.
About the author
Maurice
