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

1. ANDEVCO
Business Services

2.  Aboriginal owned & operated Trust
Company
 In business since 1988
 200 Shareholders

3. 
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
Process all financing enquiries
Market & promote ANTCO services
◦ Workshops
◦ Band/client visits
Development of business loans & grants
Aftercare support

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. 



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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
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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:
◦
◦
◦
◦
◦
◦
Feasibility studies
Evaluations
Legal expense
Acquisition/Expansion
Modernizations
& other related business support services

9. 
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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

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. 
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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. 
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
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.

13. 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

14. 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

15. 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

16. 
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Completed application
Business plan
Financials
Resume
Business registration
Equity
Clean credit report
Collateral

17. 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