This contribution is disbursed in instalments on a pro-rata basis over the term of the loan. These sub-contractors also provide First Citizens' Fund loans and have helped diversify and strengthen the delivery mechanism of the loan program. These sub-contracts have also assisted in developing the organizational capacity of other Aboriginal organizations. The loan approval process considers business viability, loan security, client track record and equity participation, the same as any regular financial institution. The term for loans varies between 2 and 10 years, with a 5 year limit on funds for working capital.
Interest rates vary depending on the level of risk.
More details on the Aftercare program will be provided by the lending institution when program loans are approved. Program Directors are responsible for the planning and administering of activities that assist Aboriginals in their transition to urban living. 23 Aboriginal Friendship Centres receive this funding assistance. Only one transportation grant per fiscal year may be approved per Band or Aboriginal organization.