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Once a Project is Approved

CheckmarkBased on your development officer's recommendations, ABC will approve or decline the request for funding. If your project has been approved for Aboriginal Business Canada (ABC) support, please review the following information.

 

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Understanding Your Letter of Offer

For approved projects, ABC will prepare a contribution agreement called a Letter of Offer. This is a contract between you and ABC. It confirms that we have approved funding for your business venture and outlines the conditions of the agreement. If your request for financial support is declined, you will receive a letter outlining the reasons for this decision.





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Making a Claim for Payment

Your Letter of Offer will contain a financial commitment from ABC to reimburse you for an agreed-upon percentage of the eligible costs you will incur in your project. Once the contract between you and ABC is in place - and you have incurred eligible costs - you will be required to prepare a claim in order to receive a payment.


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