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IndigenousLoanOpen
Native Commercial Credit Corporation
SOCCA — Term loan for Indigenous businesses
Amount
Varies
Deadline
Rolling
Odds
Not published
Effort
1 day
Can you get this?
✓For Indigenous entrepreneurs in Quebec
✓Must be from an eligible First Nations community
✓Native Alliance of Quebec members eligible
✓Minimum 10% down payment required
✓Sufficient guarantees must cover loan amount
Your real odds
SOCCA publishes no approval rate and no annual loan volume, so you cannot benchmark your chances against a field.
SOCCA has been financing First Nations businesses for over 30 years, which points to a consistent review process rather than an ad hoc one. Your loan size is determined by repayment capacity and collateral, so strong financials and documented assets carry the most weight.
What it takes
Confirm eligibility — verify your community affiliation is on the eligible list1 day
Gather required documents — financial statements, project plan, asset valuations for collateral1–2 weeks
Submit application and meet with SOCCA advisors1–2 weeks
Await credit decision and finalize loan termsVaries
Worth knowing
Collateral is explicitly capped at 70% for buildings and equipment and 50% for inventory, with working capital counting for nothing, so the loan amount you can access is directly limited by the fixed assets you can put on the table.
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