|
SCF General Investment Fund (includes Youth Fund)
The General Investment Loan Fund is designed to assist Aboriginal entrepreneurs and existing small to medium sized
businesses operating in the Sto:lo Territory to grow and prosper.
The terms of this loan are as follows:
- Borrow up to $125,000 on approval of credit (O.A.C.)
- A 2% Application fee will be applied
- Flexible amortization terms (1 - 5 years)
- Interest Rate at Prime plus 2%
- Businesses must be 51% aboriginal owned/operated
- 15% minimum cash equity
Our mandate is to provide the best possible loan package to our clients. As such, we have built strong partnerships
with a range of other lending institutions such as:
- Indian and Northern Affairs of Canada (INAC)
- Aboriginal Business Canada (ABC)
- Tale'awtxw Aboriginal Capital Corporation (TACC)
- First Nations Agricultural Lending Association (FNALA)
To review SCF's Investment Fund Policy
For entrepreneurs with disabilities see SCF's Entrepreneurs with Disabilities Fund.
For loans over $125,000 see the SCF's GrowthStart Fund.
For information on starting up a business, tips on developing a Business Plan and other useful business information,
see Business Counseling & Support Services.
|
