TACC First Citizens Fund (FCF) Loan
You can get a government-backed loan of up to $76,125 (FCF Loan) or up to $3 million (conventional loan). This is repayable financing with a 1.5% fee, though the FCF option includes 40% principal forgiveness.
“To apply for Aboriginal Business Financing you must first complete the Application Form and submit it to TACC.”
From the official program page
Before you spend any money
The official page does not list deadlines or processing times. Ask TACC before you apply.
At a glance
Subject to program rules, available funding, and approval. Confirm current details with the official program administrator.
Is this for you?
- You are an Aboriginal entrepreneur living in the Coast Salish Territory.
- You need capital for general business needs and can manage regular loan payments.
- You want flexible repayment terms ranging from 1 to 10 years.
Probably not the right fit if
- You do not meet the Aboriginal identity or residency requirements for the Coast Salish Territory.
- You are looking for a grant or free money, since this is a loan that must be repaid.
- Your business is not at least 51% Aboriginal owned and operated for the FCF Loan option.
How much you'd realistically get
Up to $76,125 for the FCF Loan (with a lifetime maximum of $75,000) or up to $3,000,000 for the Conventional Loan.
What may be supported
- General business financing needs as defined by TACC.
- Working capital for day-to-day operations.
- Equipment purchases or facility improvements that support business growth.
How applying works
Effort: moderateYou must apply directly through TACC and provide documentation proving Aboriginal status, residency, and business ownership.
- 01Verify you meet the Aboriginal identity and Coast Salish Territory residency requirements.
- 02Confirm your business is at least 51% Aboriginal owned if applying for the FCF Loan.
- 03Prepare documentation proving your status, residency, and business ownership.
- 04Apply via the 'Apply Now' link on the TACC website or contact TACC directly at 604-926-5626.
- 05Discuss your specific financing needs and eligible costs with TACC to determine the best loan option.
Who to ask: 604-926-5626, 604-926-5627, info@tacc.ca
Documents commonly required
- Proof of Aboriginal status (Status, Métis, Inuit, or Non-Status Indian).
- Proof of residency in the Coast Salish Territory.
- Documentation of business ownership (51% Aboriginal ownership for FCF Loan).
- Business plan or financial statements to support the financing request.
What to know before you count on it
- This is financing, not a grant; you must repay the principal plus a 1.5% borrower fee for both loan types.
- The FCF Loan includes 40% forgiveness, but the remaining balance and fees must be repaid over 2 to 10 years.
- Eligibility is strictly limited to Aboriginal entrepreneurs residing in the Coast Salish Territory.
- The official page does not list which costs qualify. Ask TACC what it will finance before you apply.
What are your odds?
Approval depends on whether you can make the loan payments and meet the identity and residency rules. It is not a competition. TACC reviews your credit and eligibility.
Frequently asked questions
Is the FCF Loan fully forgiven?
No. The FCF Loan includes 40% forgiveness, but you must repay the remaining 60% plus the 1.5% borrower fee.
What are the repayment terms?
FCF Loans have flexible amortization of 2 to 10 years. Conventional Loans have amortization of 1 to 10 years. Payments can be monthly, semi-annual, or annual.
Who administers this program?
Tale’awtxw Aboriginal Capital Corporation (TACC) administers the program for Aboriginal entrepreneurs in the Coast Salish Territory.
Are there fees?
Yes. Both the FCF Loan and the Conventional Loan include a 1.5% borrower fee.
What you can combine it with
The official page does not say whether you can combine this loan with other grants or loans. Ask TACC before you apply.
Get alerted when this changes
Programs open and close, budgets run out, rules change. We send one short email when something changes that matters for this program.
Page last updated ; status and deadline checked . Source: official program page.