Loan
Private
Active
Société de Crédit Commercial Autochtone (SOCCA) — Indigenous Business Financing
Société de Crédit Commercial Autochtone
Loan Range
Non-refundable contribution: up to $99,999 for a private...
No application deadline is published
Difficulty
Moderate
Payment
Mixed (Advance + Reimb.)
Trend
Stable
First-Timers
Friendly ✓
Financing share
90%
Société de Crédit Commercial Autochtone (SOCCA) — Indigenous Business Financing provides up to Non-refundable contribution: up to $99,999 for a private (individual) project and up to $1,000,000 for a community/band-council project. Indigenous Women Entrepreneurs (IWE) loan: up to $25,000 (maximum project cost $75,000); WELF loan: up to $20,000 (maximum project cost $100,000). Term-loan amount is determined by the borrower’s repayment capacity and collateral value; no published dollar ceiling. Société de Crédit Commercial Autochtone (SOCCA) offers non-refundable contributions and term loans for Indigenous businesses in Quebec, including specialized microcredit programs for Indigenous women entrepreneurs. The program covers up to 90% of eligible costs. No application deadline is published.
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Eligibility & Details
What this program funds and who can apply
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Program Description
Société de Crédit Commercial Autochtone (SOCCA) offers non-refundable contributions and term loans for Indigenous businesses in Quebec, including specialized microcredit programs for Indigenous women entrepreneurs. Applicants must be majority owned by a First Nation, the Native Alliance of Quebec, or their members.
Eligibility Requirements
- Company must be majority owned by a First Nation, the Native Alliance of Quebec, or one or more of their members
- Operate in Quebec
- Have the necessary financial resources (10% to 25% of the project cost)
- Viable/profitable project
- Good credit rating
- Relevant experience or training
- Mandatory full-time involvement in the business (no passive investment)
- Excluded sectors: gambling, sex, alcohol, tobacco, marijuana, electronic cigarette, cryptocurrency, etc.
Provinces
Industries
Business Stage
Quick Assessment
Difficulty
Moderate
Competition
Moderate
First-Timer
Friendly
Funding Details
- Amount
- Non-refundable contribution: up to $99,999 for a private (individual) project and up to $1,000,000 for a community/band-council project. Indigenous Women Entrepreneurs (IWE) loan: up to $25,000 (maximum project cost $75,000); WELF loan: up to $20,000 (maximum project cost $100,000). Term-loan amount is determined by the borrower’s repayment capacity and collateral value; no published dollar ceiling.
- Type
- Loan
- Level
- Private
- Financing share
- Up to 90% of eligible costs
- Deadline
- No application deadline is published
Program Scorecard
Competition, effort, and approval at a glance
Competition
Moderate
Deadline
Ongoing
Approval
Varies
Accessibility
--/5
Competition
--/5
Approval Rate
--%
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How to qualify
Insider tips, common pitfalls, and what successful applicants look like
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Insider TipDo not read the $1,000,000 figure as money available to your business.
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Rejection Pitfalls 8
- Company not majority owned by a First Nation, the Native Alliance of Quebec, or one or more of their members
+7 more pitfalls
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Success Profile
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Evaluation Criteria
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All 8 pitfalls, the checklist and the reviewer notes are in the Playbook below. See what it includes ↓
What's in this Playbook
Everything you need to secure SOCCA
Not a marketing summary. The actual checklist, intel, and stack strategy reviewers look for.
- 8 rejection pitfalls reviewers flag — so you catch them first
- 3-document checklist with what each reviewer is actually checking
- Your Application Game Plan — the print-ready PDF the preview below describes
- 5-step application timeline with prep hours per step
- Insider tip from program officers on what separates winners
- 3-program stacking strategy to combine with compatible funding
- Success profile + evaluation criteria — exactly what lenders look for
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Application Playbook
Step-by-step process, required documents, and expenses
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5 steps
3 docs
Application Steps
1
Check the ownership test The company must be majority owned by a First Nation, the Native Alliance of Quebec, or one or more of their members, and must operate in Quebec. SOCCA serves businesses, organizations and band councils.
Required Documents 3
✓ Financing application form, available from SOCCA's Useful Documents page or its website application
✓ Proof that the company is majority owned by a First Nation, the Native Alliance of Quebec, or one or more of their members
Eligible Expenses 4
Ineligible Expenses 1
Deadline Notes
Ineligible Organizations
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Funding Stack Strategy
Compatible programs, clawback risk, and combined funding potential
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3 partners
Compatible Programs
SOCCA Term Loan alongside the SOCCA non refundable contribution
Aboriginal Savings Corporation of Canada (ABSCAN)
NACCA Indigenous Women Entrepreneur (IWE) Program
Combined Funding Potential
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Clawback Risk
Medium Risk
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How SOCCA Compares
Side-by-side with similar programs
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| Program | Amount | Difficulty | Payment | Deadline |
|---|---|---|---|---|
| Société de Crédit Commercial Autochto... | up to $99,999 | Moderate | Mixed (Advance + Reimb.) | No application deadline... |
| Quebec R&D Tax Credit (CRIC — Researc... | 20-30% tax credit (CRIC) | Hard | Tax Credit Offset | Ongoing |
| Investissement Québec — Project Finan... | Varies | Hard | Mixed (Advance + Reimb.) | Ongoing |
| Canada Economic Development for Quebe... | Varies | Moderate | Reimbursement | Ongoing |
| PME MTL - Fonds Jeunes Entreprises | Up to $25,000 | Moderate | Reimbursement | Ongoing |
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Frequently Asked Questions
Quick answers to the questions founders most often ask about SOCCA
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Who can apply to SOCCA?
A company majority owned by a First Nation, the Native Alliance of Quebec, or one or several of their members, operating in Quebec. SOCCA states its services are for businesses, organizations and band councils.
How much do I need to put in myself?
The term loan requires a minimum down payment of 10%. Across SOCCA's products applicants are expected to have 10% to 25% of the project cost.
How large is the non refundable contribution?
Up to $99,999 for a private project and up to $1,000,000 for a business project carried out by a band council. It is treated as the last resort in the financing stack rather than the first source.
Is there a program for Indigenous women?
Yes. SOCCA runs a microcredit program for Indigenous women entrepreneurs, with a maximum loan of $25,000 on a project costing no more than $75,000, over a term of up to five years.
How big can a term loan be?
SOCCA publishes no dollar ceiling for the term loan. The amount is determined by the borrower's repayment capacity and the value of the collateral.
What does SOCCA offer besides money?
Support and accompaniment: financial structuring of projects, and assistance in the management and monitoring of businesses.
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Full Playbook: SOCCA
5 steps · 3 docs · reviewer insights