Microloans

Microloans

Your Path to Growth and  Success

Microloans support small business growth by providing accessible and manageable financial support tailored to cover crucial startup costs, working capital, equipment procurement, or any other pressing expenses that hinder the potential of budding enterprises.

With a streamlined application process, NADF ensures that entrepreneurs can focus on their business's development rather than financial worries. Our aim is not just to fund businesses but to cultivate an ecosystem where your aspirations thrive. Connect with us today to unlock the potential of your business with NADF Microloans.

Eligibility

 Individuals

  • You are over the age of 18 and are of First Nations Status
  • You reside in Northern Ontario
  • You are establishing or expanding 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

What Are Microloans?

Microloans serve as a crucial lifeline, offering accessible and tailored financial support to fuel the growth of small businesses. Whether it's kickstarting your venture, acquiring essential equipment, or managing day-to-day expenses, our Microloans are designed to address your unique business needs. These funds can be utilized for starting a new full-time business or a side-hustle, expanding an existing business, or innovating within your field.

  • 10% equity requirement
  • 8.5% interest rate
  • Up to 36 month term

Why Apply for a Microloan?

Microloans are geared towards helping new and small businesses, so the requirements are more flexible. At NADF we will work with you to learn about you and your goals and will consider that information when evaluating your microloan application.

Microloans may help individuals who do not have a credit history or have a poor credit rating to improve their credit scores. 

NADF submits monthly reports to the credit bureaus, so this is an opportunity to start/expand business and build your credit rating at the same time.

Business Planning Guidance and Support

Beyond financial assistance, we provide expert guidance and support to assist young entrepreneurs to develop a business plan outlining objectives, strategies, and financial projections.

 


Questions?  Contact Us