A.I.I.C. provides interest-bearing loans to First Nation entrepreneurs for the purpose of establishing, acquiring, diversifying or expanding a business. In some cases, equity financing may also be available. Interest rates are competitive. Loans are generally for periods of up to 5 years.

Financial Assistance:
• Loans to on and off reserve businesses;
• Equipment loans;
• Loans to set up new business;
• Loans to expand business
• Loans for working capital;
• Equity Financing;
• Life insured loans;
• Fixed or floating interest rates;
• Flexible repayment terms;
• Competitive rates/terms.

Applicants for financial assistance must:
• have a business plan which shows that their business will be profitable;
• contribute their own equity as a portion of the total financing of the business;
• have adequate collateral security;
• have acceptable credit rating.

Eligibility
To be eligible for A.I.I.C services, applicants must meet the following criteria:
• must be a Status Indian who has resided in Alberta for at least one year;
• if a corporation or partnership, the Status Indian must own at least 51% of any shares, participate more that 51% in profits, and above all, must be active in managing the business;
• The applicant’s head office must be in Alberta.

The following types of funding applications are generally ineligible for A.I.I.C financing services:
• personal, housing or consumer loans;
• farming, ranching or other agricultural ventures;
• feasibility studies;
• Investment properties.

Resources:
• Covering Letter
• Required information and Business Plan Checklist
• Business Planner
• AIIC Application for Credit

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