SOCCA — Support and Coaching Grant Analysis ### 📋 Eligible Entities - Indigenous business owners - Indigenous-owned businesses - First Nations, Inuit, and Métis entrepreneurs - Applicants must have a business ownership stake or be actively involved in business operations - Sole proprietors, partnerships, and incorporated businesses may be eligible ### 💰 Funding Details - Funding Type: Combination of loans and consulting services (not a pure grant) - Loan Component: Available through Native Commercial Credit Corporation - Consulting Services: Coaching and advisory support provided at reduced or subsidized rates - Repayability: Loan portion requires repayment according to agreed terms - Matching Requirements: Specific matching ratios not detailed; verify directly with NCCC - Grant vs. Loan Split: Consulting services may have grant-like elements; loan portion is repayable debt ### 🛠️ Approved Expenses - Business project development and planning - Consulting and coaching services related to business operations - Loan capital for business establishment or expansion - Project feasibility assessments - Business strategy and planning support - Specific approved uses depend on individual loan and consulting agreements ### ⚠️ Conditions & Milestones - Applicant must be Indigenous business owner (primary eligibility requirement) - Support is delivered through Native Commercial Credit Corporation (NCCC) - Coaching and consulting are conditional on project viability assessment - Loan approval requires standard credit evaluation and business plan review - Must demonstrate active business involvement or ownership - Repayment obligations apply to loan portions - Ongoing compliance with NCCC reporting and milestone requirements likely required - Timelines and specific milestones determined on case-by-case basis through NCCC application process