Administered by Government of Alberta · Last verified: June 2026
Indian Business Corporation (IBC) is a Calgary-based Aboriginal Financial Institution that has lent to First Nation businesses in Alberta since 1987, with loans averaging around $70,000 and ranging up to roughly $1 million. It provides term financing to establish, expand, or acquire on-reserve and off-reserve First Nation businesses. A minimum 10% equity contribution is required, at least half in cash, and all financing is secured by assets satisfactory to IBC.
Review times vary by program, from a few weeks to a few months, so check the official page for its timeline. Grant money is usually paid after you sign a funding agreement, and cost-shared programs often reimburse you once you send proof of what you spent.
Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.
Check my eligibilityIndian Business Corporation Financing (Alberta) is generally open to incorporated, self-employed, partnership businesses, in Alberta. Confirm the full criteria on the official program page before applying.
The estimated value is Loans up to approximately $1,000,000 (average around $70,000). The actual amount depends on your eligible costs, the program's budget, and approval.
1. Confirm First Nation eligibility in Alberta 2. Download and complete the IBC application form 3. Contact IBC to discuss financing structure
Typically $1 million to $10 million per project, depending on scope
INCENTIVEUp to $75 per square foot of converted office space
INCENTIVERequires $100,000+ investment; pathway to permanent residence