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What is the difference between TACC and Aboriginal Business Canada? |
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Aboriginal Business Canada (ABC) is an Industry Canada program, administered by the Federal Government of Canada, which promotes the establishment and growth of Aboriginal enterprise across Canada. The website for ABC is www.abc-eac.ic.gc.ca.
TACC is an Aboriginal Capital Corporation that provides developmental loans to assist Aboriginal small business development.
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What will TACC accept as security? |
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How much of my own money will I need to contribute? |
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10 – 15% cash equity is required. |
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What if I have poor credit? |
- TACC will obtain your credit report. If you have a poor credit history it is unlikely your application will be considered for financing. We recommend that you get your own credit report and review it so you know what is on it before you apply to us for financing
- You can get your credit report at www.equifax.com by purchasing it online or filling out a form and mailing it in for your free credit report
- You can get help with your credit issues through the Credit Counselling Society www.nomoredebts.org
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How long do I have to pay my loan back? |
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Flexible amortization terms are available from 1-10 years. |
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