If you are a Aboriginal entrepreneur or a majority-owned Aboriginal business operating in Northern Ontario, you may qualify for a loan from NADF (Nishnawbe Aski Development Fund) to establish, expand or acquire a business.
- Individuals of Aboriginal heritage (First Nations, Metis or Inuit)
- Wholly-owned or majority-owned Aboriginal businesses
- Be over the age of 18
- Reside in Northern Ontario
- Business must be established and operating in Northern Ontario
NADF's loan fund maximum is $500,000, and in exceptional cases, up to $1,000,000.
To apply for a loan from NADF, we require:
- A viable business plan.
- Proof of equity.
- Applicants 18-35 years, minimum 10% equity requirement
- Applicants over 35 years, minimum 15% equity requirement
- Completed application form
Step 1: Contact NADF to discuss your business idea to determine eligbility.
Step 2: If you and your project are deemed to be eligible, complete and sumbit our loan application and be sure to include your business plan, and all other supporting documents.
Step 3: Your Account Manager will conduct an assessment of your business plan. As part of our due diligence, you may be contacted to provide additional information and/or clarification. A recommendation for financing (approve or decline) is based on the viability of your business idea, as demonsrated in your business plan.
Step 4: Upon completion of our assessment, we will contact you to discuss the results. The amount of time required to complete an assessment of your business plan depends on the complexity and completeness of your application.