Amount:

$50,000

Type of Program:

Grant & Loan


Description:

The Business Recovery Financing (BRF) provides funding to eligible First Nations Ontario businesses affected by the COVID-19 pandemic.

Comments on Funding:

Funding is up to $50,000, out of which 50% is a grant and 50% repayable financing at 0% until December 31, 2023.


When It Ends:

Ongoing

Deadline:

March 31, 2022

Eligibility:

Applicant must:

  • be eligible First Nation businesses defined as:
  • businesses registered in Ontario that are majority owned (i.e., at least 51%) by First Nation person or people; OR
  • a joint venture or consortium which is majority owned (i.e., at least 51%) by the First Nation partner(s);
  • be First Nations farm and agribusinesses across Ontario or First Nations businesses in all sectors in East Central and Eastern Ontario;
  • be First Nations with registered status;
  • demonstrate clear project-specific needs as a result of the COVID-19 pandemic;
  • demonstrate potential to maintain employment, business and/or training opportunities for First Nations people; and the potential for the business to recover from the COVID-19 pandemic.

Applicants with the financial means to fund the project are not eligible.

Applications Steps:

1

For more information, including complete eligibility requirements or an application, contact I-800-363-0329 or info@indianag.on.ca.

Documentation Needed:

Applicants must provide:

  1. 1
    a business plan for the BRF, including details of the proposed activity, a sound budget with eligible funding activities demonstrating acceptable value for money in terms of output and results, as well as outline the viability of the project to assist the business to recover from the pandemic;
  2. 2
    confirmation that other available sources of financing from public and private sources are either not available or are limited in terms of availability, funding levels, or based on their specific criteria;
  3. 3
    confirmation as to why the project cannot be funded without BRF support. Applicants with the financial means to fund the project are not eligible.

Other Things to Note:

Funding, which extends until March 31, 2022, is provided through the Indigenous Economic Development Fund by the Ministry of Indigenous Affairs.

About the author 

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe's background and how he can help your business.

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