{"id":12886,"date":"2025-10-24T11:09:59","date_gmt":"2025-10-24T18:09:59","guid":{"rendered":"https:\/\/www.fnfa.ca\/?post_type=fnfa_faq&p=12886"},"modified":"2025-10-24T11:09:59","modified_gmt":"2025-10-24T18:09:59","slug":"in-order-for-an-spv-to-obtain-a-loan-from-fnfa-supported-by-a-loan-guarantee-do-all-the-participating-first-nations-or-indigenous-groups-owning-an-spv-need-to-have-i-have-a-financial-administration","status":"publish","type":"fnfa_faq","link":"https:\/\/fnfa.ca\/en\/fnfa-faq\/in-order-for-an-spv-to-obtain-a-loan-from-fnfa-supported-by-a-loan-guarantee-do-all-the-participating-first-nations-or-indigenous-groups-owning-an-spv-need-to-have-i-have-a-financial-administration\/","title":{"rendered":"In order for an SPV to obtain a loan from FNFA supported by a loan guarantee, do all the participating First Nations or Indigenous groups owning an SPV need to have i) have a Financial Administration Law (\u201cFAL\u201d) issued by the FMB and ii) a Financial Performance Certificate (\u201cFPC\u201d) issued by the FMB?"},"template":"","class_list":["post-12886","fnfa_faq","type-fnfa_faq","status-publish","hentry"],"acf":{"answer":"

No \u2013 Unlike loans made to First Nations, which require a FAL and FPC in conformity with FMB\u2019s standards to ensure sound financial management and minimize the risks to FNFA\u2019s borrowing pool, the structure of an SPV allows FNFA to lend directly to the SPV, and the government loan guarantee creates a safety net which largely reduces any risks of detrimental impact on the borrowing pool. One of the purposes of the SPV initiative is to provide affordable access to capital to more Indigenous groups. Those who have not gone through the traditional process to access FNFA financing (via FMB certification) can access it through an SPV, provided a loan guarantee is granted.<\/p>\n"},"yoast_head":"\nIn order for an SPV to obtain a loan from FNFA supported by a loan guarantee, do all the participating First Nations or Indigenous groups owning an SPV need to have i) have a Financial Administration Law (\u201cFAL\u201d) issued by the FMB and ii) a Financial Performance Certificate (\u201cFPC\u201d) issued by the FMB? - FNFA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fnfa.ca\/en\/fnfa-faq\/in-order-for-an-spv-to-obtain-a-loan-from-fnfa-supported-by-a-loan-guarantee-do-all-the-participating-first-nations-or-indigenous-groups-owning-an-spv-need-to-have-i-have-a-financial-administration\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In order for an SPV to obtain a loan from FNFA supported by a loan guarantee, do all the participating First Nations or Indigenous groups owning an SPV need to have i) have a Financial Administration Law (\u201cFAL\u201d) issued by the FMB and ii) a Financial Performance Certificate (\u201cFPC\u201d) issued by the FMB? 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