{"id":64,"date":"2020-11-04T22:41:47","date_gmt":"2020-11-04T22:41:47","guid":{"rendered":"https:\/\/mfcbc.ca\/?page_id=64"},"modified":"2023-10-18T21:19:28","modified_gmt":"2023-10-18T21:19:28","slug":"apply","status":"publish","type":"page","link":"https:\/\/mfcbc.ca\/apply\/","title":{"rendered":"Eligibility Criteria"},"content":{"rendered":"\t\t
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Who Can Apply<\/h2>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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  • Have a valid M\u00e9tis Identification.<\/span><\/li>
  • Be 18 years of age or older.<\/span><\/li>
  • Business must be at least 51% Metis owned.<\/span><\/li>
  • A credit check is required.<\/span><\/li>
  • Security will be required.<\/span><\/li>
  • Projects must be a start-up or expansion of a business and must exclude refinancing.<\/span><\/li>
  • The applicant must be the majority owner of the business.<\/span><\/li>
  • The applicant must have experience in the industry of the business (minimum six months \u2013 1 year) and must be able to provide the service(s) offered by the business.<\/span><\/li>
  • The applicant must contribute a minimum of 10% cash equity of the project costs.<\/span><\/li>
  • Project financing cannot contribute to passive investments, property, houses or buildings, cannabis or tobacco related businesses or gambling products.<\/span><\/li>
  • The applicant must show that the business is viable and sustainable.<\/span><\/li>
  • The applicant must have the necessary licensing, safety, or certification for their particular business.<\/span><\/li>
  • The business must be located in British Columbia.<\/span><\/li>
  • The applicant must be a resident of British Columbia for a minimum of six (6) months.<\/span><\/li>
  • The total project must exceed $20,000.<\/span><\/li>
  • The total project may not exceed $250,000.<\/span><\/li>
  • Costs already incurred or items you have already signed to purchase are not eligible. (It is not retroactive, and you cannot purchase or sign to purchase items you wish to include in your project costs.)<\/span><\/li>
  • Business or asset acquisitions must be arm\u2019s length transactions, (cannot purchase from family members)<\/span><\/li>
  • The applicant must have a business plan to demonstrate the capacity to repay the loan.<\/span><\/li><\/ul>\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":"

    Who Can Apply Have a valid M\u00e9tis Identification. Be 18 years of age or older. Business must be at least 51% Metis owned. A credit check is required. Security will be required. Projects must be a start-up or expansion of a business and must exclude refinancing. The applicant must be the majority owner of the […]<\/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":"\nEligibility Criteria - 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