FAQ

What is the Métis Financial Corporation of BC?

The Métis Financial Corporation of BC (MFCBC) was established as a result of an agreement between Métis Nation British Columbia and the department of Indigenous and Northern Affairs Canada (INAC). MFCBC will assist Métis entrepreneurs with financing to start a new business, expand an existing business or acquire an established business.


What is the goal of the Métis Financial Corporation of BC?

Our goal is to be the Métis entrepreneur’s financer of choice in BC and to help build Métis owned businesses in the province.


What is the relationship between the Métis Financial Corporation of BC and Métis Nation BC?

MFCBC is an independent corporation whose only shareholder being MNBC.


What distinguishes the Métis Financial Corporation of BC from other lending organizations such as banks and credit unions?

Our mandate and structure permits us to provide financing to Métis entrepreneurs that commercial lenders such as banks and credit unions may not be able to provide.


Is there a limit on the amount of financing available through the Métis Financial Corporation of BC?

The MFCBC has the ability to provide loans up to $150,000 to approved clients.


Does the Métis Financial Corporation of BC offer grants?

At this time, the MFCBC does not have the capacity or mandate to offer grants.


Is a business plan required by the Métis Financial Corporation of BC?

All loans require a business plan in order to be approved.


Do I need to have a business plan in place before I contact the Métis Financial Corporation of BC?

No, MFCBC would be happy to help you find a consultant to assist with your business plan.


Does the Métis Financial Corporation of BC require personal guarantees to secure a loan?

Yes, MFCBC does require personal guarantees. Funding is supported by an accepted letter of offer signed by all owners of the business so they are personally obligated.


Do I have to have a certain amount of equity to be eligible for a loan through the Métis Financial Corporation of BC?

A minimum of 10% equity is required; equity in the form of contributed assets (directly related to the business) may occasionally be considered.


Does the Métis Financial Corporation of BC fund not-for -profit business?

No. MFCBC is focused on supporting Métis businesses in the for-profit sector.


Who is eligible to apply for loans through the Métis Financial Corporation of BC?

The MFCBC is open to Métis citizens and those who self-identify as Métis persons in the Province of British Columbia. For a business to be eligible for funding through the MFCBC, it must be a minimum of 51% owned by a Métis person.


How does the Métis Financial Corporation of BC determine if a client is Métis?

MFCBC will determine a client’s Métis heritage through our citizenship registry or through a self-declaration process.


How do I apply?

For more information or to receive an application, please contact us at: 1.833.399.3926 or by email at