Prêt ordinaire de la TACC

📋 Eligible Entities - Small and medium-sized enterprises (SMEs) seeking to start or expand operations - Businesses located on or serving the Coast Salish Territory - For-profit corporations and business structures - Entrepreneurs and business owners with viable business plans - Existing businesses looking to develop/scale operations - Businesses demonstrating commitment to the Coast Salish Territory community ### 💰 Funding Details - Maximum Loan Amount: Up to $3,000,000 CAD - Interest Rate: Variable rate (subject to market conditions) - Repayment Structure: Flexible amortization schedule - Loan Type: Standard loan (not a grant; repayment required) - Terms: To be negotiated based on business plan and creditworthiness - Currency: Canadian dollars ### 🛠️ Approved Expenses - Business startup costs and initial capital requirements - Business expansion and development activities - Working capital for established businesses - Equipment and infrastructure purchases - Inventory and operational needs - Other expenses supporting business launch or growth on Coast Salish Territory ### ⚠️ Conditions & Milestones - Applicant must operate or plan to operate on Coast Salish Territory lands - Viable business plan required for approval - Variable interest rate subject to market fluctuations - Flexible repayment terms require negotiation and approval - Borrower must meet creditworthiness and financial stability criteria - Compliance with TACC (territorial lender) policies and requirements - Regular reporting and loan performance monitoring expected - Funds must be used according to approved business plan terms