How does ABC define equity?
• In the context of program eligibility, ABC defines equity as cash equity. Applicants may generate cash equity from personal savings, by pledging personal assets as collateral against a loan from a financial institution (these assets are not to be used in the business and must be repaid from personal, not business, sources), or be made up (in part) from First Nation or other government contributions. • For community-owned corporations, assets used as collateral for equity must be those over which the community has full discretionary authority. • At least one half of the applicant’s equity investment in a project must come from personal resources. Money from First Nation or public sector resources may be considered equity, provided that the applicant has full discretion over the funds. ABC considers funding from another government department specifically for a project to be “other project financing” and does not treat it as equity.
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