TACC First Citizens Fund (FCF) Loan

Access to early-stage financing can be a major hurdle for Indigenous entrepreneurs looking to launch or expand a business in British Columbia. The TACC First Citizens Fund (FCF) Loan is designed to bridge that gap by combining flexible lending with meaningful loan forgiveness. Delivered by Tale’awtxw Aboriginal Capital Corporation, this program supports Aboriginal entrepreneurs living within the Coast Salish Territory who are building sustainable small and medium-sized businesses and may face barriers accessing traditional bank financing.

Through the FCF Loan, eligible businesses can secure financing of up to about $75,000, with roughly 40% of the loan amount forgiven over time when program conditions are met. This structure reduces the long-term cost of borrowing while still providing the upfront capital needed for activities like start-up costs, equipment purchases, or business expansion. Repayment terms are designed to be adaptable, allowing businesses to align payments with their cash flow and stage of growth, which can be especially valuable during the early years of operation.

The program reflects TACC’s community-focused approach, emphasizing personalized support and practical financing rather than one-size-fits-all lending. For Indigenous business owners in British Columbia who want to understand how the forgiveness works, what’s required to qualify, and whether this loan fits their growth plans, reviewing the full details through GrantHub can help clarify the next steps.