Applicants must be a resident Métis Settler, or a Partnership or a Corporation in which at least 51% is owned by a resident Métis Settler. The head office of any Corporation must be located in the Province of Alberta. Business activities may be undertaken, both on and off the Settlements and need not be limited to the Province of Alberta. Loans must be for business purposes (Commercial). Loans of a personal nature will be deemed ineligible. The corporation will decide on a case by case basis the extent of owner’s equity required on a project.  The minimum owner’s equity required is 10% based on a cash injection on a capital purchase; however if cash is unavailable SIC will accept equity in a form of collateral at a rate of 115%.