Aboriginal Business Financing Program – NADF (2022)
Description:
The Aboriginal Business Financing Program (ABFP) provides non-repayable grant funding to eligible Aboriginal entrepreneurs and businesses in need of funds to achieve their business goals.
Comments on Funding:
Funding for Individual Aboriginal entrepreneurs is up to $99,999. Funding for Community-owned businesses is up to $249,999.
While there are contribution maximums, actual ABFP contributions will be limited to what is required to ensure your project proceeds and is viable.
In general ABFP may contribute:
Eligibility:
The applicant must be:
Projects where Aboriginal communities may have a minority interest in a partnership or joint venture may also be supported, however, in these situations, eligible costs will be prorated based on the level of Aboriginal ownership and control.
Applications Steps:
It is recommended that the applicant contacts an ABFP Business Development Officer before submitting his application. Call 1-800-465-6821 or 807-623-5397 to speak with a Business Support Officer today.
An Account Manager is assigned to work with the applicant when NADF receives an application. The Account Manager will contact the applicant to discuss their application.
The Account Manager will present the application to a Screening Committee which will review the application to determine whether or not the project meets NADF criteria for financing.
Applicants with project meeting NADF financing criteria must submit a business plan. As part of NADF due diligence, they may be contacted to provide additional information and/or clarification.
Documentation Needed:
Applicants must submit a business plan.
Other Things to Note:
Testimonials:
Program Contact:
When It Ends:
Ongoing
Deadline:
Rolling deadline