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Where Can You Get Funds to Start Your Business 

Updated: Jul 10

Starting a business can be daunting, especially for first-time entrepreneurs. Securing sources of capital through grant funding is crucial for First Nations entrepreneurs to turn their business ideas into reality.


The Importance of Non-Repayment Funding

Securing funds to start your business is a critical step in the entrepreneurial process. Various organizations offer financial support; you just have to research to find the right ones for your business. Some grants are industry-specific, so always check eligibility requirements before you spend time putting together your application.


Applying for funding is vital for any entrepreneur looking to start or expand their business. Grant funding offers a form of financial support that doesn't typically require repayment, unlike business loans, which can significantly reduce the financial risk of starting a new venture. 


What Can You Use Funding for in a Start-Up?

You can use grant funding for various business needs. These include: 


  • Initial start-up costs, such as purchasing equipment, securing office or retail space, and covering initial inventory expenses. 

  • Marketing efforts, allowing you to build brand awareness and attract your first customers.

  • Professional services, such as legal, accounting, and consulting, which are critical for establishing a strong business foundation. 

  • Research and development activities, enabling you to refine your product or service offerings and stay competitive. 


Access to start-up capital ensures you have the necessary resources to launch and grow your business.


Where Can You Get Funds to Start Your Business?

There are several grants available online for Indigenous and First Nations entrepreneurs. These are a few you may want to look at:


  • The Government of Canada's Aboriginal Entrepreneurship Program   The program offers funding for business planning, start-up, expansion, and marketing activities. The amount of funding available depends on a business' scope, demonstrated need, and estimated budget. Individual Indigenous entrepreneurs can receive up to $99,999 in funding, and Indigenous community businesses can get up to $250,000.

  • All Nations Trust Company (ANTCO) Grants ANTCO is a 100% Indigenous-owned Financial Institution in British Columbia that has been operating since 1984. It provides non-repayable business grants up to $99,999 to Indigenous entrepreneurs for starting, expanding, or acquiring businesses, as well as for business planning, feasibility studies, marketing, and other support services.


Of course, many other grants are available, which you can find by searching online.


Improving First Nations Economies, One Business at a Time

First Nations-owned businesses support the economy through job creation, economic development, and keeping money within a community. Connecting entrepreneurs with resources that help build more First-Nations businesses transforms into amazing local businesses for a Nation.


Once you have start-up funding, the next step is to use this capital to bring your business concept to life. We can’t wait to see your business open its doors!

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