NEW FUNDS ANNOUNCED FOR INDIGENOUS BUSINESSES
On Saturday April 18th, 2020 the Government of Canada announced funding will be made available to Aboriginal Financing Institutions (which includes NEDC) to support Indigenous businesses. This funding will be in the form of interest-free loans and grants. More information will come as we get more details.
NEDC is trying our best to ensure quality customer service during the challenges created by COVID-19:
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NEDC is still here for you and is currently continuing operations as normal as possible
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The NEDC office is open. We encourage to clients to contact us via phone, email, and video conferencing, whenever possible.
- If you are coming to the office, please ensure you follow all COVID rules (wash hands, no cold/flu, social distancing).
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With things changing rapidly please check back regularly for new information as it becomes available.
About Loans, Loan Payments and current Projects:
NEDC operations are running almost normally and we are here to support you and your business.
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All Applications for projects are still being processed.
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New Applications are being accepted.
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Loan Payments are still processed normally.
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Concerned about a Loan Payment?
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All payment changes will be reviewed upon request and solutions will be determined on a case by case basis.
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If you do not have enough funds to pay your payment, contract Sharon to pause automatic withdrawals to avoid any NSF fees, AND
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Contact your Business Development Officer and explain what is going on in your business to determine what options may be available.
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Communication with your Business Development Officer is always important and valued.
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Commercial Funding
Business loans and contributions to First Nations, Métis and Inuit on Vancouver Island.
Business Planning
Assisting in the financing of feasibility studies and business planning.
Supporting Entrepreneurs
Promoting entrepreneurs, enhancing business skills, and offering financial advice.
OUR MISSION
“To continue to develop and grow to be the best Aboriginal Corporation dealing with financial, banking and business development services.
NEDC will play a major role in helping Aboriginals and First Nation communities on Vancouver Island become healthy, wealthy and socio-economically independent by seizing all existing and emerging business opportunities and building on the new economy.”
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