Loans

Whether you’re looking to access financing for a unique project, start up your business, or establish or acquire an existing company we have your back.

Get in touch today to determine eligibility and apply for your NADF loan.

 

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 an equity contribution.  Equity requirements may vary, but the minimums are:

  1. Applicants 18-35 years, minimum 10% equity requirement
  2. Applicants over 35 years, minimum 15% 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% to 12%, but under certain conditions, NADF may be able to match commercial bank interest rates.

 

Questions?  Contact Us ι Email Us 

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