Stolo Community Futures Business Loans
Business loans up to $150,000 for Indigenous entrepreneurs and up to $500,000 for Stolo community-owned businesses in Solh Temexw, including Chilliwack.
About this program
Stolo Community Futures provides business loans and support for Indigenous entrepreneurs and Stolo community-owned businesses within Solh Temexw, the Stolo Traditional Territory, including Chilliwack. Financing streams include micro-loans up to $10,000, general investment loans up to $150,000, and impact fund loans up to $500,000 for viable Stolo community-owned businesses, development corporations, or joint-venture portions. Applicants receive business support through the loan process and are evaluated on market potential, location, management capacity, local job creation, experience, repayment ability, security, and equity.
Eligibility
Eligible applicants are Indigenous entrepreneurs, Indigenous-owned businesses, Stolo community-owned businesses, development corporations, or eligible joint ventures operating within Solh Temexw, including Chilliwack.
Requirements
- Applicant must be of Indigenous ancestry, including Status, Non-Status, Metis, or Inuit, or be an eligible Stolo community-owned business.
- Applicant must reside and operate the business within Solh Temexw, the Stolo Traditional Territory.
- Business must be at least 51 percent Indigenous-owned or controlled.