TACC Conventional Loan Analysis ### 📋 Eligible Entities - Small and medium-sized businesses (SMBs) - Startups and new business ventures - Existing businesses seeking growth capital - Businesses operating or planning to operate within the Coast Salish Territory - Sole proprietors, partnerships, and corporations - Excludes non-profits (unless operating as social enterprises with commercial revenue) ### 💰 Funding Details - Maximum Loan Amount: Up to $3 million - Interest Rate: Sliding scale (varies based on risk assessment, business profile, and loan size) - Repayment Terms: Flexible amortization periods available - Repayability: Loan-based product (must be repaid with interest) - Collateral/Security: Requirements determined on a case-by-case basis during underwriting ### 🛠️ Approved Expenses - Business startup costs and initial capital requirements - Equipment and machinery purchases - Facility renovation and leasehold improvements - Working capital for operations and inventory - Technology adoption and digital infrastructure - Business growth and expansion initiatives - General operational expenses to support business development ### ⚠️ Conditions & Milestones - Geographic Requirement: Business must be located in or serve the Coast Salish Territory - Application Process: Standard credit and feasibility assessment required - Business Plan: Submission of viable business plan demonstrating repayment capacity - Loan Covenants: Typical lending conditions apply (e.g., financial reporting, insurance requirements) - Personal Guarantee: May be required depending on business structure and loan size - Timeline: Funding availability subject to application processing and approval - Monitoring: Ongoing compliance with loan agreement terms throughout amortization period