LOANS



Loans characteristics

EQUITY REQUIRED
Minimum 10% of the total cost of the project The transfer of assets may be considered as equity

INTEREST RATES
Competitive and comparable to other traditional financial institutions
Based on the risk associated with the project

DURATION
Based on the lifespan of the asset
Up to 30 years

Term loans offered:

  • Aboriginally controlled business startups, acquisition and expansion loans;
  • Homeowner loans for construction, acquisition or renovation of a family residence on reserve, including financing for the privatization of band council housing; no First Nation government guarantee required;
  • Communities loans for community housing, multi-dwelling units, implementation or expansion of revolving housing loan funds, and economic or community infrastructure.

Eligible Clientele

QUEBEC FIRST NATIONS
  • Abenaki
  • Algonquin
  • Atikamekw
  • Cree
  • Huron-Wendat
  • Innu (Montagnais)
  • Malecite
  • Micmac
  • Mohawk
  • Naskapi