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Nishnawbe Aski Development Fund

Thursday, April 19, 2018
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Community Futures Development Corporation

Microloans

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Microloans

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Applicant Eligibility

Individuals:

  • Aboriginal heritage (First Nations, Metis, and Inuit)
  • 18 years of age and older
  • Reside in Northern Ontario
  • Establsihing a business in Northern Ontario

Small Businesses:

  • Aboriginal owned or majority-owned (minimum 51%)
  • Established and operating in Northern Ontario

Microloan Limits & Interest Rates

Microloans range from $1,000 to $7,500 and are offered at a flat interest rate of 8%.


Application Process

We recommend that you speak with a Business Support Officer prior to submitting your Microloan application. 

To apply for a Microloan from NADF, we require:


Benefits

A microloan may help individuals who do not have a credit history or have a poor credit rating to improve their credit scores.  NADF submits monthly reports to the credit bureaus, so this is an opportunity to start/expand business and at the same time fix your credit rating.


 

Services


Opinion Poll

NADF's programs and services support business and economic development in northern Ontario. What services are you aware of? (Select all that apply)
Loans
Leasing
Appraisal Services
Resource Sector Advisory Services
Community Strategic Planning
Business Support
ABFP and/or LIC
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