SOCCA — Term loan for Indigenous businesses

Access to flexible financing can be a major hurdle for Indigenous entrepreneurs planning a start-up, expansion, or business acquisition. The SOCCA Term Loan for Indigenous Businesses is designed to address that gap by offering competitive, asset-based financing to First Nations-owned small and medium-sized businesses across Canada. Delivered by the Native Commercial Credit Corporation, this loan program focuses on practical, long-term support that aligns with the realities of growing and established Indigenous enterprises.

The SOCCA term loan can help cover a substantial share of project costs, particularly for investments such as land, buildings, and equipment, with loan terms structured around the useful life of the assets being financed. Interest rates are designed to be competitive with traditional lenders and are assessed based on the overall strength and risk profile of the project. Businesses are expected to contribute to the project themselves, often through a cash contribution or the transfer of existing assets, which helps demonstrate commitment and financial readiness.

Because the loan amount is tailored to the borrower’s repayment capacity, this program can support a wide range of business sizes and stages, from early growth to major expansion. For Indigenous business owners exploring financing options that recognize both opportunity and community context, learning more about how the SOCCA term loan works can help determine if it’s the right fit for your plans.