Loans
Unlock Your Business Potential with NADF Financing
Are you seeking financing to kickstart a unique project, launch your startup, or acquire an existing business? Look no further - NADF has your back.
Reach out to us today to assess your eligibility and start the application process for your NADF loan. Let's turn your business dreams into reality together.
Who can Apply for a NADF Loan
Individuals
- You are over the age of 18 and are of Aboriginal heritage (First Nations, Metis or Inuit)
- You reside in Northern Ontario
- You are establishing a business in Northern Ontario
Existing Business
- Your business is a wholly-owned or majority-owned (minimum 51%) Aboriginal business
- Your business is based in Northern Ontario
NADF Loan Equity Requirements
Applicants applying for a loan from NADF must provide a cash equity contribution. Cash equity requirements may vary, but the minimums are:
- Applicants 18-35 years, minimum 10% cash equity requirement
- Applicants over 35 years, minimum 15% cash equity requirement
NADF Loan Limits & Interest Rates
NADF's loan fund maximum is $500,000, and in exceptional cases, up to $1,000,000.
NADF interest rates vary from 8.5% to 12%.
Questions? Contact Us