Business Contribution Fund (BCF)

By mmuise
Description:

The Business Contribution Fund program provides non-repayable financing to eligible First Nation Businesses in Manitoba.


Comments on Funding:

Funding takes the form of non-repayable contributions of up to:
- 40% of eligible costs to a maximum of $99,999 for businesses owned by First Nation individuals;
- 30% of eligible costs to a maximum of $250,000 for businesses owned by Manitoba First Nations or groups of Manitoba First Nations.
Besides contribution towards capital and operating, FPEGF will also consider providing a non-repayable contribution of:
- up to 75% of the cost for the development of an independent business plan;
- up to 75% towards environmental assessments when required; - 60% towards marketing costs and - 75% towards business support (training, aftercare management);
- 75% of the Business Valuation cost in case of business acquisitions.

Deadline: Continuous Intake
Eligibility:

Applicants must:

  • have a minimum of 10% cash equity to put into the business.
  • have a minimum of a 40% commercial loan as part of the total financing of the business.
  • be at least 51% owned by a First Nation individual or Manitoba First Nation Community or group of Manitoba First Nations.If it is a partnership, the business must be at least 51% First Nation owned and the contribution will be in proportion to the First Nation's ownership and the First Nation owner or partner must be an integral part of the business.
  • show business viability and management capacity through the submission of a business plan.
Application Steps:

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Documentation Needed:

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Other Things to Note:

The BCF is generously supported by Aboriginal Affairs and Northern Development Canada.

About the author
mmuise