Aboriginal owned & operated Trust Company In business since 1988 200 Shareholders
Process all financing inquiries Market & promote ANTCO services ◦ Workshops ◦ Band/client visits Development of business loans & grants Aftercare support
Offers the following programs: ◦ New Relationship Trust – First Nations Equity Matching Initiative (FNEMI) ◦ Business Equity Fund (formerly ABC Fund) ◦ First Citizens’ Fund Loan Program ◦ Trustee Loan Program
Supports new/expanding First Nation businesses in BC by providing matching equity through BC Aboriginal Capital Corporations
2. Aboriginal owned & operated Trust
Company
In business since 1988
200 Shareholders
3.
Process all financing enquiries
Market & promote ANTCO services
◦ Workshops
◦ Band/client visits
Development of business loans & grants
Aftercare support
4.
5.
Offers the following programs:
◦ New Relationship Trust – First Nations
Equity Matching Initiative (FNEMI)
◦ Business Equity Fund (formerly ABC Fund)
◦ First Citizens’ Fund Loan Program
◦ Trustee Loan Program
6.
Supports new/expanding First Nation
businesses in BC by providing matching
equity through BC Aboriginal Capital
Corporations.
Max. contribution: entrepreneurs, $5,000;
communities, $25,000.
Must be BC First Nations band member;
Must reside in BC; and
Must provide cash equity.
7. 2013/14 budget - $2.3 million
Non-repayable grant contribution up to
$99,000/individual; $250,000/community.
Support varies depending on client
needs, fund availability, eligible costs, &
economic benefits.
Depending on the project, may be able to
obtain funding to assist with a wide range
of industries.
8.
Funds up to 75% planning
BEF provides funding for most industries
for:
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Feasibility studies
Evaluations
Legal expense
Acquisition/Expansion
Modernizations
& other related business support services
9.
Funds up to 40% start-up, expansion,
modernization, acquisition
BEF provides funding for eligible costs such
as:
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Equipment
Operating costs - max 3 months
Marketing
Improvement costs
& other related business support services
10.
Business Loan Program
◦ Business loans are available to BC
Aboriginal residents for most types of
operations & a wide range of sectors
including
retail, services, fishing, forestry, mining, t
ourism & hospitality, manufacturing, &
export.
11.
Available to business enterprises that are
51% Aboriginal owned;
Loans are eligible for 40% deferred
contribution grant;
Lifetime loan maximum on $75,000 for
each Borrower ($225,000 for Communities);
Minimum equity requirement is 15% of
project costs; and
Not eligible for refinancing of existing debt.
12.
Business Loans are 100% repayable with
financing up to $100,000 for first time
Borrowers & up to $200,000 for repeat
Borrowers;
Security requirements assessed according
to each business project;
No limit as to number of times loan funds
are accessed.
