Société d'investissement pour les autochtones de l'Alberta ### 📋 Eligible Entities - Indigenous entrepreneurs and business owners in Alberta - Individuals establishing a new business venture - Existing business owners seeking to acquire, expand, or diversify operations - Sole proprietorships, partnerships, and incorporated businesses with Indigenous ownership/control - Businesses operating in Alberta with Indigenous principals ### 💰 Funding Details - Loan Type: Repayable (not a grant) - Maximum Term: 5 years - Loan Structure: Debt financing requiring repayment with interest - Personal Capital Requirement: Applicants must inject their own capital into the business - External Equity Capital: Available in certain cases to supplement personal investment - Specific Amount: Not specified in program description (determined on case-by-case basis) ### 🛠️ Approved Expenses - Business Start-up Costs: Equipment, inventory, and initial operational expenses for new ventures - Business Acquisition: Purchasing existing established businesses - Business Expansion: Capital for growth and scaling operations - Business Diversification: Funding to develop new product lines or service offerings - Working Capital and Asset Purchase: Supporting operational needs and tangible assets ### ⚠️ Conditions & Milestones - Indigenous Ownership Requirement: Applicant(s) must be Indigenous to Alberta - Personal Capital Injection: Mandatory personal funds investment (percentage/amount to be determined per application) - Repayment Obligation: Full loan repayment required within maximum 5-year period - Equity Consideration: External equity capital available only in specified circumstances (conditions not detailed) - Business Viability: Loan decisions based on business plan and feasibility assessment - Alberta Operation: Business must operate within Alberta jurisdiction