TACC First Citizens Fund (FCF) Loan
Grow your business with government-backed loans up to $76,125 or $3 million. This is repayable financing with a 1.5% fee, though the FCF option includes 40% principal forgiveness. Verified against the official source on July 2, 2026.
How we verify funding records →
“To apply for Aboriginal Business Financing you must first complete the Application Form and submit it to TACC.”
Before you spend a dollar
Confirm current intake status and processing times on the official TACC page as specific deadlines are not stated.
At a glance
Subject to program rules, available funding, and approval. Confirm current details with the official program administrator.
Not sure if you qualify?
Get a free, 2-minute read on whether this program fits your business. No obligation.
Check your fit →Is this for you?
- You are an Aboriginal entrepreneur living in the Coast Salish Territory.
- You need capital for general business needs and can manage regular loan payments.
- You want flexible repayment terms ranging from 1 to 10 years.
Probably not the right fit if
- You do not meet the Aboriginal identity or residency requirements for the Coast Salish Territory.
- You are looking for a grant or free money, since this is a loan that must be repaid.
- Your business is not at least 51% Aboriginal owned and operated for the FCF Loan option.
How much you'd realistically get
Up to $76,125 for the FCF Loan (with a lifetime maximum of $75,000) or up to $3,000,000 for the Conventional Loan.
What may be supported
- General business financing needs as defined by TACC.
- Working capital for day-to-day operations.
- Equipment purchases or facility improvements that support business growth.
What's excluded or restricted
- No specific ineligible costs or excluded activities listed in the source material.
How applying works
Effort: moderateYou must apply directly through TACC and provide documentation proving Aboriginal status, residency, and business ownership.
- 01Verify you meet the Aboriginal identity and Coast Salish Territory residency requirements.
- 02Confirm your business is at least 51% Aboriginal owned if applying for the FCF Loan.
- 03Prepare documentation proving your status, residency, and business ownership.
- 04Apply via the 'Apply Now' link on the TACC website or contact TACC directly at 604-926-5626.
- 05Discuss your specific financing needs and eligible costs with TACC to determine the best loan option.
Who to ask: 604-926-5626, 604-926-5627, info@tacc.ca
Documents commonly required
- Proof of Aboriginal status (Status, Métis, Inuit, or Non-Status Indian).
- Proof of residency in the Coast Salish Territory.
- Documentation of business ownership (51% Aboriginal ownership for FCF Loan).
- Business plan or financial statements to support the financing request.
How BBN Labs helps
- BBN builds a high-converting website and online store with your loan funds, giving you a 24/7 sales channel that grows revenue beyond your physical storefront.
- BBN designs storefront signage and coordinates qualified partners for installation, using the financing to make your location impossible to miss for passing customers.
- BBN sets up a modern POS system and digital booking tools with the loan capital, streamlining daily operations and capturing customer data for future growth.
- BBN guides you through the application process and deadlines so you don't lose the funding.
What to know before you count on it
- This is financing, not a grant; you must repay the principal plus a 1.5% borrower fee for both loan types.
- The FCF Loan includes 40% forgiveness, but the remaining balance and fees must be repaid over 2 to 10 years.
- Eligibility is strictly limited to Aboriginal entrepreneurs residing in the Coast Salish Territory.
- Specific eligible costs are not detailed in the source; confirm what qualifies as general business financing needs with TACC.
What are your odds?
Approval depends on your ability to service the debt and meeting strict identity and residency criteria; it is not a competition but a credit and eligibility review.
Frequently asked questions
Is the FCF Loan fully forgiven?
No. The FCF Loan includes 40% forgiveness, but you must repay the remaining 60% plus the 1.5% borrower fee.
What are the repayment terms?
FCF Loans have flexible amortization of 2 to 10 years. Conventional Loans have amortization of 1 to 10 years. Payments can be monthly, semi-annual, or annual.
Who administers this program?
Tale’awtxw Aboriginal Capital Corporation (TACC) administers the program for Aboriginal entrepreneurs in the Coast Salish Territory.
Are there fees?
Yes. Both the FCF Loan and the Conventional Loan include a 1.5% borrower fee.
What you can combine it with
Confirm with TACC if this financing can be stacked with other grants or loans, as specific exclusions are not stated.
Get alerted when this changes
Programs open and close, budgets run out, rules change. We send one short email when something changes that matters for this program.
Record last updated July 3, 2026; last verified July 2, 2026 against the official source. Source: official program page.