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Andevco Business Services

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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

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Andevco Business Services

  1. 1. ANDEVCO Business Services
  2. 2.  Aboriginal owned & operated Trust Company  In business since 1988  200 Shareholders
  3. 3.     Process all financing enquiries Market & promote ANTCO services ◦ Workshops ◦ Band/client visits Development of business loans & grants Aftercare support
  4. 4.  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
  5. 5.      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.
  6. 6. 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.
  7. 7.   Funds up to 75% planning BEF provides funding for most industries for: ◦ ◦ ◦ ◦ ◦ ◦ Feasibility studies Evaluations Legal expense Acquisition/Expansion Modernizations & other related business support services
  8. 8.   Funds up to 40% start-up, expansion, modernization, acquisition BEF provides funding for eligible costs such as: ◦ ◦ ◦ ◦ ◦ Equipment Operating costs - max 3 months Marketing Improvement costs & other related business support services
  9. 9.  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.
  10. 10.      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.
  11. 11.    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.
  12. 12. Costs $ Financing Business Plan 5,000 Cash Equity Environmental 5,000 BEF Legal Counsel $ 6,000 TOTAL $ 16,000 TOTAL 4,000 12,000 $ 16,000
  13. 13. Community Owned Business Costs $ Financing $ % Equipment 400,000 Cash Equity 25,000 5 Operating 75,000 NRT FNEMI 25,000 5 Marketing 25,000 BEF 125,000 25 FCF 75,000 15 Commercial Loan 250,000 50 $ 500,000 TOTAL FINANCING $ 500,000 100 TOTAL COSTS
  14. 14. Individual Costs $ Financing $ % Equipment 75,000 Cash Equity 5,000 5 Operating 5,000 NRT-FNEMI 5,000 5 Marketing 10,000 BEF 40,000 40 Inventory 10,000 Commercial Loan 50,000* 50 TOTAL COSTS $ 100,000 TOTAL FINANCING $ 100,000 100
  15. 15.         Completed application Business plan Financials Resume Business registration Equity Clean credit report Collateral
  16. 16. ANTCO Suite 213 West, 345 Chief Alex Thomas Way Kamloops, BC Telephone: 250-828-9770 Toll-free: 1-800-663-2959 www.antco.bc.ca

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