General Loans

By mmuise

TRCDC provides financing up to $1,150,000 to First Nations entrepreneurs in their service area. Loans are available to assist with:

Comments on Funding:

Funding is up to $1,150,000 for General Loans. Two Rivers can provide up to $500,000 directly and an additional $650,000 from Aboriginal Impact Capital that is controlled by Two Rivers and two other Aboriginal institutions.

Loan terms and conditions:
1. Adequate security is required (which could include both business and personal assets).
2. Flexible repayment terms are available.

Deadline: Continuous Intake

Applicants must:

  • be Aboriginal owned and controlled businesses (50.1% held by Aboriginal entrepreneurs). Where ownership and or control of a business is not solely held by Aboriginal entrepreneurs each project will be considered on a case by case basis to ensure that the Aboriginal owner will stand to gain from the funding provided by TWO RIVERS.
  • be businesses in the TRCDC service area;
  • have no less than 10% to 15% equity. Equity in the form of contributed assets (directly related to the business) may occasionally be considered. TWO RIVERS does not recognize personal assets such as a personal vehicle or residential real estate as equity. In the case of an existing business, TWO RIVERS can recognize the equity they have built up in their business.
  • have a demonstrated ability to repay;
  • have evidence of future economic viability management skills.
Application Steps:

Applicants must:

1. connect with TRCDC's Business Support Team to discuss business financing options;

2. submit an application;

3. submit a more detailed business plan;

4. sign agreements, including loan repayment terms.

Documentation Needed:

Applicants must submit:
1. an application form;
2. a detailed business plan.

Other Things to Note:

Two Rivers service area:
1. First Nations:
a) Missisaugas of the Credit First Nation,
b) Six Nations of the Grand River.
2. Counties
a) Oxford, Norfolk,
b) Perth, Waterloo,
c) Wellington Peel,
d) Dufferin, Grey,
e) Brant, Haldimand,
f) Hamilton, Niagara,
g) Halton, Simcoe, and
h) York including the,
i) GTA.

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