The National Aboriginal Capital Corporation Association (NACCA) through the Enhanced Access Loan Fund, provides developmental loan services to businesses in areas currently not serviced by an Aboriginal Capital Corporation or Aboriginal Community Futures Development Corporation.

The Loan Fund program is managed by NACCA and administered through Peace Hills Trust Fund. Aboriginal Financial Institutions (AFI) serve territories that were or are specifically defined in the individual contribution agreement under which they were established and, as a result, there are areas of the country where there is no access to a source of developmental lending such as Robinson-Superior Treaty 1850 and Treaty 3 areas.

Process

An aboriginal person approaches Nishnawbe Aski Development Fund with a request for a loan, completes a Statement of Intent (SOI) and submits it along with an application fee.  NADF would then approach NACCA with a request for loan capital.  NACCA will confirm that the area is not served by an AFI and that the applicant AFI is the most appropriate provider of service.

Client Criteria

• Statement of Intent
• Equity - 10% - 30% depending on risk
• Detailed business plan
• Fees as per schedule included in Statement of Intent

For more information contact:

Thunder Bay: Colleen Martin cmartin@nadf.org or Maxine Cayenne mcayenne@nadf.org

Timmins:  Shirley Paulmartin spaulmartin@nadf.org

Thunder Bay (807) 623-5397                Timmins (705) 268-3940
Toll free 1-800-465-6821                     Toll Free 1-800-461-9858
Fax (807) 622-8271                             Fax (705) 268-4034