Description/History of Program/Initiative
Business loans are available to Aboriginal entrepreneurs in British Columbia. All Nations Trust Company (ANTCO) delivers the Aboriginal Business Loan Program in partnership with four Aboriginal Capital Corporations located throughout the province.
Intended to support the creation of successful new Aboriginal-owned and operated businesses; support the expansion of existing Aboriginal business and employment opportunities; and support the purchase of existing businesses by Aboriginal entrepreneurs.
Eligibility Requirements (Program Delivery Agents)
ANTCO must be in good standing with the province- Monthly financial reporting; and quarterly reporting on loan application activity and status requirement met.
Eligibility Requirements (Program Participants)
Aboriginal business seeking loans must submit: A loan application and business plan; satisfactory evidence that the intended business is likely to create permanent employment, evidence that the borrower's intended business is commercially viable and has reasonable prospects for success.