COVID-19 Financing

Support for Aboriginal Businesses in Northern Ontario

NADF is currently delivering one (1) COVID-19 emergency loan fund to support Aboriginal businesses in NADF's catchment area that have been impacted by COVID-19.  

NADF's catchment area is Northern Ontario, which NADF defines as the territories of Treaty 9, the Ontario portions of Treaty 5 and Treaty 3, and Robinson-Superior 1850.

Out of the NADF catchment area? Contact an Aboriginal Financial Institution near you.

These funds are not intended to replace or duplicate government or other bank/lender emergency programs that are available to businesses in Canada.

 

Questions?  Contact Us

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COVID Safety Protocol Project

The COVID Safety Protocol Project will support small-medium sized (SME) businesses that are impacted by the economic disruptions associated with the COVID-19 pandemic.

The program will provide SMEs with access to a non-repayable contribution of up to $5,000.00 to assist with the costs related to adapting to new or existing operating protocols.

A SME is defined as having less than 500 employees.

 

Eligibility Requirements

  • Be a SME as defined above.
    • Examples include retail shops, restaurants, corner stores, etc., and businesses of strategic importance to the community
  • The SME must have been viable as of March 1, 2020
  • The SME was established prior to March 1, 2020
  • The applicant must confirm and attest that no other funding has been accessed for the same purposes and utilization that the COVID Safety Protocol Project is set out to fund

 

Eligible Costs may include, but not be limited to the following:

  • Customer and employee safety installations such as distancing signs for floors
  • COVID-19 posters and displays
  • Acquisition of barriers
  • Widening of aisles
  • Plexi-glass and partitions, signage
  • Other business restructuring or equipment purchases required in support of adaptations that may be required after March 15, 2020

 

Note:  HST is not an eligible cost and will not be reimbursed.  Disposable Personal Protective Equipment (PPE) are also ineligible.

 

Eligible Cost Period

March 15, 2020 - June 15, 2021

 

How to Apply

If you are an existing or former NADF client, please contact your Account Manager by email or call 1-800-465-6821 or 807-623-5397.

If you are a new client, please email or call toll free 1-800-465-6821 or 807-623-5397 and an Account Manager will be assigned to work with you.

 

Questions?  Contact Us

 

NADF COVID-19 Emergency Loan Fund (ELF)

A $250,000 emergency loan fund established by NADF to provide up to $25,000 in support to eligible Aboriginal businesses operating on or off-reserve in NADF's catchment area and who have been impacted by the COVID-19 pandemic.

NADF's catchment area is Northern Ontario, which NADF defines as the territories of Treaty 9, Treaty 5 (Ontario portion), Treaty 3, and Robinson-Superior 1850.

Although the focus of ELF is on existing and former clients of NADF, all wholly-owned and/or majority-owned Aboriginal businesses within NADF's catchment area are eligible to apply.

The ELF program is intended to support eligible operating costs incurred on or after March 15, 2020, retroactively. Eligible operating costs such as rent, utilities, insurance, and health and safety improvements due to COVID-19 are eligible for support.

 

Applicants must also satisfy the following eligibility criteria:

  • be a for-profit business;
  • business must have been established prior to March 1, 2020;
  • business must have been impacted adversely due to the COVID-19 pandemic;
  • business was viable and not experiencing financial difficulties prior to March 1, 2020;
  • the applicant is in good standing with NADF; and
  • the applicant must have been able to obtain commercial financing at March 1, 2020.

Other terms and conditions apply and your Account Manager will discuss these with you.

 

How to Apply

If you are an existing or former NADF client, please contact your Account Manager by email or call 1-800-465-6821 or 807-623-5397.

If you are a new client, please email or call toll free 1-800-465-6821 or 807-623-5397 and an Account Manager will be assigned to work with you.

Questions?  Contact Us

 

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