Growth Capital for Aboriginal Business

The Business Development Bank of Canada's (BDC) specialized financing increases access to capital for Aboriginal entrepreneurs wanting to expand an existing business or start a new one, on or off a reserve in Canada.

Summary

Why choose BDC?

Management Support

• Support is available through a special alliance with the Canadian Executive Service Organization (CESO) Aboriginal Services. Includes ongoing mentoring and business management advice for the first 2 years following loan approval.
• Costs for business coaching can be incorporated into the financing package.

Security can include:

• Band Council Resolutions and other letters of support when the business is located on Reserve land;
• realty mortgages;
• security agreements providing a charge on chattels;
• personal or corporate guarantees.

Community support

BDC will refund a portion of the interest paid on a loan to a community organization or charity chosen by the borrower. It will be calculated at the rate of 0.5% of the average loan balance with a minimum amount of $100 and paid annually after the first year of the loan. To qualify, the loan must be operating satisfactorily without any outstanding payments.

How can BDC help you?

BDC Financing can provide support to businesses that: 

• have a commercially viable business proposal;
• have an acceptable level of management expertise;
• demonstrate financial commitment;
• are willing to take part in a mentorship program;
• operate on- or off-reserve in Canada.

Financing possibilities

• start-ups;
• fixed assets such as land, buildings, or new/used equipment;
• purchase a production line or automate your current one;
• boost sales by increasing support for inventory and receivables, or by reducing trade payables;
• provide working capital needed for R&D, developing new markets and products;
• finance development of e-business initiatives such as Internet sites, intranet, or extranet;
• explore new export markets;
• adopt quality management standards such as ISO certification and HACCP.

New Brunswick Contact(s):
See National Contact.

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National Contact(s):
Head Office
Business Development Bank of Canada
Suite 400
5 Place Ville Marie
Montréal, Quebec  H3B 5E7
Fax: 1-877-329-9232
Toll-free (information): 1-877-BDC-BANX (1-877-232-2269)
E-mail: info@bdc.ca
Web site: http://www.bdc.ca/en/home.htm