COVID-19 Financing

Support for Aboriginal Businesses in Northern Ontario

NADF is currently delivering four (4) COVID-19 emergency loan funds 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.

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

 

Questions?  Email covid@nadf.org

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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 eligiblity 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 covid@nadf.org or call toll free 1-800-465-6821 or 807-623-5397 and an Account Manager will be assigned to work with you.

Questions?  Email covid@nadf.org

Indigenous Business Stabilization Program

Through assistance provided by the Government of Canada, the National Aboriginal Capital Corporation Association (NACCA) is taking action to ensure that Indigenous business owners impacted by COVID-19 have access to the support they require.

The Indigenous Business Stabilization Program (IBSP) is delivered across Canada through a network of Aboriginal Financial Institutions (AFI), including NADF. The IBSP is designed as an emergency measure to support small business owners, on-or-off reserve, in meeting their immediate operating cash flow needs. 

Eligible applicants within NADF's catchment area may apply directly to NADF for up to $60,000 to support eligible operating costs such as rent, utilities, insurance, and health and safety improvements due to COVID-19.  A portion may be forgivable, and your Account Manager will discuss this with you.

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.

Applicants must also satisfy the following eligibilty criteria:

  • 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 covid@nadf.org or call toll free 1-800-465-6821 or 807-623-5397 and an Account Manager will be assigned to work with you.

Questions?  Email covid@nadf.org

Business Recovery Fund

In partnership with the Ministry of Indigenous Affairs, NADF is administering the "Business Recovery Fund" to Aborignal businesses in Northern Ontario. 

Eligible applicants may apply for up to $50,000 (50% non-repayable) to meet their businesses general expenses, increase productions capacity, develop new products, move to online marketing or to make improvements to accommodate social distancing requirements.

Applicant's must also demostrate the following:

  • a clear project-specific need as a result of the COVID-19 pandemic;
  • the potential to maintain employment, business and/or training opportunities for Indigenous people;
  • the potential to recover from the COVID-19 pandemic;
  • an acceptable value for money in terms of outputs and results;
  • confirm that all projects and businesses will be based within NADF catchment area;
  • a sound budget with eligible funding activities; and
  • sound project management.

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 covid@nadf.org or call toll free 1-800-465-6821 or 807-623-5397 and an Account Manager will be assigned to work with you.

Post COVID-19 Professional Services Relief Grant Program

Eligible applicants may qualify for a grant of up to $5,000 for eligible services acquired after March 15, 2020. The program is available until March 31, 2021 or until all program funds are committed.

Eligible Applicants

Must be a wholly-owned or majority-owned Aboriginal business located in one of the thirty-three First Nation communities serviced under NADF’s Community Futures funding agreement.  See listing.

Eligibility Requirements

  • Small and medium-sized enterprises (SME) (i.e. retail shops, restaurants, convenience stores, etc.) and businesses of strategic importance to the community
  • The applicant does not qualify for or has been declined or has not accessed other Government of Canada COVID-19 relief supports, or the applicant can demonstrate the need for incremental support if other COVID-19 relief supports have been received.
  • The SME must have been viable as of March 1, 2020.
  • The SME must have been established prior to March 1, 2020.

Eligible Services                     

  • Feasibility Studies
  • Business Planning Consultations
  • Business Development Consultations
  • Marketing Consultations
  • Professional Consultations
  • Financial Assessments
  • Financial Training
  • Industry Expertise Training
  • Other Professional Consultations

How to Apply

Applications will be received on a continuous intake model.

  1. Complete the Post COVID-19 Professional Services Relief application.
  2. Submit your completed application and supporting documents to NADF by email or mail:

Email: covid@nadf.org

Mail: NADF, Orion Building, 100 Little Lake Road, Suite 101, Fort William First Nation, ON P7J 0L2

 

Questions?  Email covid@nadf.org

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