Core Business Financing Programs
The Métis Financial Corporation of BC was created to provide British Columbia’s Métis entrepreneurs with financing and business development support designed to meet your specific needs. These services will help you build your British Columbia Métis owned and controlled business.
Our mandate and structure permits us to provide financing at competitive interest rates and with fewer restrictions than commercial lenders such as banks and credit unions.
If you are a Métis person in British Columbia looking at the possibility of owning or expanding your existing business, the Métis Financial Corporation of BC can help provide access to financing for business start-up, acquisition, or expansion of viable businesses.
We’re excited to announce that we are also now able to provide grants to approved clients Through Our Business Financing Contribution Grant.
This change now makes MFCBC the first-choice lending organization for Métis entrepreneurs in BC. These grants are in the form of non-repayable contributions and are in combination with an approved client’s loan. This program will significantly reduce the cost of financing to Métis entrepreneurs. MFCBC is able to offer these contributions on an on-going basis and, in doing so, will create a better opportunity for Métis businesses to succeed. Get in touch to learn more about accessing our grant programs.
As your project partner, we can offer support for developing business plans that are required to access our funding.
MFCBC can offer repayable assistance for up to 75% of the cost of the business plan and will work with applicants to find any consulting support required.
In order to be approved for funding, applicants will need to:
- Provide personal guarantees; funding is supported by an accepted letter of offer signed by all business owners, so all are personally obligated
- Provide a minimum of 10% equity to receive a loan
- Provide a completed Business Plan
MFCBC’s services are open to Métis citizens and those who self-identify as Métis persons in the Province of BC.
MFCBC will determine a client’s Métis heritage through its citizenship registry or through a self-declaration process.
For a business to be eligible for funding through MFCBC it must be at least 51% owned by a Métis person.
The Métis Financial Corporation of BC is here to help you build on your idea and assist with the financing of your project. For more information, check out our FAQs or get in touch. We look forward to working with you!
We’ve expanded our programs in order to better support Métis businesses through the COVID-19 pandemic. If the pandemic has impacted your business and you’re looking for additional support, we may be able to help.