AIC ABFP fully-subscribed for 2021-2022
AIC's goal is to help Indigenous entrepreneurs and organizations find sources of financing for their business projects.
Aboriginal Impact Capital (AIC) is a joint-effort of four participating Aboriginal Financial Institutions (AFIs) serving southern Ontario and other markets. AFIs offer loans and other financing and services in support of Indigenous business growth.
AIC delivers the Aboriginal Business Financing Program (ABFP), that supplements client equity and commercial financing, including loans secured from four (4) the participating AFIs.
AIC funding is based on consultations with, and recommendation from, the four (4) the participating AFIs.
Aboriginal Financial Institutions (AFIs) are the key source of loans and other financing in support of Indigenous business growth.
Funding for capital costs (i.e equipment) and working capital needs (i.e. startup operating costs), is sourced primarily from loans and other other commercial financing that supplement a client cash equity and other funding.
AIC recommends every client establish a relationship with their local Aboriginal Financial Institution (AFI).
AFIs offer business loans and other programs, plus, they can make recommendations on AIC non-repayable contributions (if available).
Even if you don't access AFI financing now, AIC needs the concurrence of your AFI to provide a contribution to your project and business. By understanding your business, your local AFI will be positioned to help you grow your business either now and/or in the future.
If your project is not eligible, AIC will attempt to pathfind for altertive financing sources.
With the help of the four (4) participating AFIs, AIC focuses on delivery of the Aboriginal Business Financing Program (ABFP) in support of Indigenous business growth in southern Ontario.
Formerly known as ABC (Aborigonal Business Canada), ABFP enhances access to AFI financing and ultimately helps reduce risks and costs. AFIs make recommendations on, and are consulting with regards to, ABFP contributions.
AIC also helps entrepreneurs and organizations path-find to potential alternate financing or funding sources.
ABFP Fully Subscribed
Although AIC's anticipated ABFP funding for 2021-2022 is fully subscribed (as of July 2021), we continue to identify new projects with anticipation of additional future funding and programs.
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