National Aboriginal Capital Corporation Association
Canadian status and non-status indians, Inuit and Métis individuals, associations, partnerships or other legal entities which are wholly or partly owned or controlled by Aboriginal people, on or off reserve.
National Aboriginal Capital Corporation Association (NACCA) is the association for a network of Aboriginal Financial Institutions (AFIs) dedication to stimulating economic growth for First Nations, Metis, Inuit by promoting and underwriting Aboriginal business development. AFIs provide business and support to Aboriginal businesses, which can include: business loans, financial consulting services, aftercare and start-up support.
Aboriginal business development
A typical capital corporation has a revolving-loan capital fund from which it offers secured term loans. Variation among the corporations allows them to be sensitive to the needs of local and regional market conditions. Services may vary, but capital corporations generally offer loan guarantees, operating loans, and technical and advisory services. A goal for ACCs is to access business resources and increasingly lever capital from commercial sources, then continue to see it invested and re-invested in Native communities.