{"id":63,"date":"2020-11-04T22:41:59","date_gmt":"2020-11-04T22:41:59","guid":{"rendered":"https:\/\/mfcbc.ca\/?page_id=63"},"modified":"2024-02-06T01:04:10","modified_gmt":"2024-02-06T01:04:10","slug":"faq","status":"publish","type":"page","link":"https:\/\/mfcbc.ca\/faq\/","title":{"rendered":"FAQ"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

FAQ<\/h2>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

What is the M\u00e9tis Financial Corporation of BC?<\/h4>

The M\u00e9tis Financial Corporation of BC (MFCBC) was established in 2017 to assist M\u00e9tis entrepreneurs in BC with financing to start a new business, expand an existing business or acquire an established business.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t

What is the goal of the M\u00e9tis Financial Corporation of BC?<\/h4>

Our goal is to be M\u00e9tis entrepreneurs\u2019 financer of choice in BC and to help build M\u00e9tis owned businesses.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t

How much financing is available through mFCBC?<\/h4>\n

MFCBC can provide loans up to $250,000 to approved clients. Larger projects can also be considered. The \u2018Game Changer\u2019 for MFCBC is that it can now also provide grants to approved clients. Each business case is unique, and we encourage all Metis entrepreneurs to contact us to discuss their business needs.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t

What distinguishes the M\u00e9tis Financial Corporation of BC from other lending organizations such as banks and credit unions?<\/h4>

Our mandate and structure permit us to provide financing to M\u00e9tis entrepreneurs that commercial lenders such as banks and credit unions may not be able to provide.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t

Is a business plan required by the M\u00e9tis Financial Corporation of BC?<\/h4>

Yes, all applications for core financing require a business plan.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t

Do I need to have a business plan in place before I contact the M\u00e9tis Financial Corporation of BC?<\/h4>

No, MFCBC will gladly work with you to find a consultant to help build your Business Plan.\u00a0 MFCBC can provide up to 75% of the cost of developing your business plan.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t

Does the M\u00e9tis Financial Corporation of BC require personal guarantees to secure a loan?<\/h4>

Yes, MFCBC requires personal guarantees. Financing is supported by an accepted letter of offer signed by all business owners so that they are personally obligated. MFCBC may also require other security depending on specific circumstances.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t

Do I have to have a certain amount of equity to be eligible for a loan through the M\u00e9tis Financial Corporation of BC?<\/h4>

Yes, a minimum of 10% equity is required; equity in the form of contributed assets (directly related to the business) may occasionally be considered.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t

Who is eligible to apply for loans through the M\u00e9tis Financial Corporation of BC?<\/h4>

MFCBC requires a valid Metis Identification.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t

How do I apply?<\/h4>

For more information or to receive an application, please contact us at: 1.833.399.3926<\/a> or by email at admin@mfcbc.ca<\/a>.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

FAQ What is the M\u00e9tis Financial Corporation of BC? The M\u00e9tis Financial Corporation of BC (MFCBC) was established in 2017 to assist M\u00e9tis entrepreneurs in BC with financing to start a new business, expand an existing business or acquire an established business. What is the goal of the M\u00e9tis Financial Corporation of BC? Our goal […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"0","ocean_second_sidebar":"0","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"0","ocean_custom_header_template":"0","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"0","ocean_menu_typo_font_family":"0","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"on","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"0","footnotes":""},"yoast_head":"\nFAQ - M\u00e9tis Financial Corporation of BC<\/title>\n<meta name=\"description\" content=\"The M\u00e9tis Financial Corporation of BC (MFCBC) was established as a result of an agreement between M\u00e9tis Nation British Columbia and the department of Indigenous and Northern Affairs Canada (INAC). MFCBC will assist M\u00e9tis entrepreneurs with financing to start a new business, expand an existing business or acquire an established business.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mfcbc.ca\/faq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FAQ - M\u00e9tis Financial Corporation of BC\" \/>\n<meta property=\"og:description\" content=\"The M\u00e9tis Financial Corporation of BC (MFCBC) was established as a result of an agreement between M\u00e9tis Nation British Columbia and the department of Indigenous and Northern Affairs Canada (INAC). MFCBC will assist M\u00e9tis entrepreneurs with financing to start a new business, expand an existing business or acquire an established business.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mfcbc.ca\/faq\/\" \/>\n<meta property=\"og:site_name\" content=\"M\u00e9tis Financial Corporation of BC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/metisfinancialcorporationbc\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-06T01:04:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mfcbc.ca\/wp-content\/uploads\/2021\/06\/MFCBC-BOD-Social_Share.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mfcbc.ca\/faq\/\",\"url\":\"https:\/\/mfcbc.ca\/faq\/\",\"name\":\"FAQ - M\u00e9tis Financial Corporation of BC\",\"isPartOf\":{\"@id\":\"https:\/\/mfcbc.ca\/#website\"},\"datePublished\":\"2020-11-04T22:41:59+00:00\",\"dateModified\":\"2024-02-06T01:04:10+00:00\",\"description\":\"The M\u00e9tis Financial Corporation of BC (MFCBC) was established as a result of an agreement between M\u00e9tis Nation British Columbia and the department of Indigenous and Northern Affairs Canada (INAC). MFCBC will assist M\u00e9tis entrepreneurs with financing to start a new business, expand an existing business or acquire an established business.\",\"breadcrumb\":{\"@id\":\"https:\/\/mfcbc.ca\/faq\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mfcbc.ca\/faq\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mfcbc.ca\/faq\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/mfcbc.ca\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FAQ\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/mfcbc.ca\/#website\",\"url\":\"https:\/\/mfcbc.ca\/\",\"name\":\"M\u00e9tis Financial Corporation of BC\",\"description\":\"Empowering M\u00e9tis Entrepreneurs\",\"publisher\":{\"@id\":\"https:\/\/mfcbc.ca\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/mfcbc.ca\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/mfcbc.ca\/#organization\",\"name\":\"M\u00e9tis Financial Corporation of BC\",\"url\":\"https:\/\/mfcbc.ca\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/mfcbc.ca\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/mfcbc.ca\/wp-content\/uploads\/2020\/11\/MFCBC_rgb300p.png\",\"contentUrl\":\"https:\/\/mfcbc.ca\/wp-content\/uploads\/2020\/11\/MFCBC_rgb300p.png\",\"width\":3600,\"height\":1691,\"caption\":\"M\u00e9tis Financial Corporation of BC\"},\"image\":{\"@id\":\"https:\/\/mfcbc.ca\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/metisfinancialcorporationbc\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FAQ - M\u00e9tis Financial Corporation of BC","description":"The M\u00e9tis Financial Corporation of BC (MFCBC) was established as a result of an agreement between M\u00e9tis Nation British Columbia and the department of Indigenous and Northern Affairs Canada (INAC). MFCBC will assist M\u00e9tis entrepreneurs with financing to start a new business, expand an existing business or acquire an established business.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mfcbc.ca\/faq\/","og_locale":"en_US","og_type":"article","og_title":"FAQ - M\u00e9tis Financial Corporation of BC","og_description":"The M\u00e9tis Financial Corporation of BC (MFCBC) was established as a result of an agreement between M\u00e9tis Nation British Columbia and the department of Indigenous and Northern Affairs Canada (INAC). MFCBC will assist M\u00e9tis entrepreneurs with financing to start a new business, expand an existing business or acquire an established business.","og_url":"https:\/\/mfcbc.ca\/faq\/","og_site_name":"M\u00e9tis Financial Corporation of BC","article_publisher":"https:\/\/www.facebook.com\/metisfinancialcorporationbc\/","article_modified_time":"2024-02-06T01:04:10+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/mfcbc.ca\/wp-content\/uploads\/2021\/06\/MFCBC-BOD-Social_Share.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/mfcbc.ca\/faq\/","url":"https:\/\/mfcbc.ca\/faq\/","name":"FAQ - M\u00e9tis Financial Corporation of BC","isPartOf":{"@id":"https:\/\/mfcbc.ca\/#website"},"datePublished":"2020-11-04T22:41:59+00:00","dateModified":"2024-02-06T01:04:10+00:00","description":"The M\u00e9tis Financial Corporation of BC (MFCBC) was established as a result of an agreement between M\u00e9tis Nation British Columbia and the department of Indigenous and Northern Affairs Canada (INAC). MFCBC will assist M\u00e9tis entrepreneurs with financing to start a new business, expand an existing business or acquire an established business.","breadcrumb":{"@id":"https:\/\/mfcbc.ca\/faq\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mfcbc.ca\/faq\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/mfcbc.ca\/faq\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mfcbc.ca\/"},{"@type":"ListItem","position":2,"name":"FAQ"}]},{"@type":"WebSite","@id":"https:\/\/mfcbc.ca\/#website","url":"https:\/\/mfcbc.ca\/","name":"M\u00e9tis Financial Corporation of BC","description":"Empowering M\u00e9tis Entrepreneurs","publisher":{"@id":"https:\/\/mfcbc.ca\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mfcbc.ca\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-CA"},{"@type":"Organization","@id":"https:\/\/mfcbc.ca\/#organization","name":"M\u00e9tis Financial Corporation of BC","url":"https:\/\/mfcbc.ca\/","logo":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/mfcbc.ca\/#\/schema\/logo\/image\/","url":"https:\/\/mfcbc.ca\/wp-content\/uploads\/2020\/11\/MFCBC_rgb300p.png","contentUrl":"https:\/\/mfcbc.ca\/wp-content\/uploads\/2020\/11\/MFCBC_rgb300p.png","width":3600,"height":1691,"caption":"M\u00e9tis Financial Corporation of BC"},"image":{"@id":"https:\/\/mfcbc.ca\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/metisfinancialcorporationbc\/"]}]}},"_links":{"self":[{"href":"https:\/\/mfcbc.ca\/wp-json\/wp\/v2\/pages\/63"}],"collection":[{"href":"https:\/\/mfcbc.ca\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mfcbc.ca\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mfcbc.ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mfcbc.ca\/wp-json\/wp\/v2\/comments?post=63"}],"version-history":[{"count":23,"href":"https:\/\/mfcbc.ca\/wp-json\/wp\/v2\/pages\/63\/revisions"}],"predecessor-version":[{"id":895,"href":"https:\/\/mfcbc.ca\/wp-json\/wp\/v2\/pages\/63\/revisions\/895"}],"wp:attachment":[{"href":"https:\/\/mfcbc.ca\/wp-json\/wp\/v2\/media?parent=63"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}