• This program is currently closed.

Amount:

$60,000

Type of Program:

Grant & Loan


Description:

The Indigenous Business Stabilization Program (IBSP) is designed as an emergency measure to support small business owners, on-or-off reserve, in meeting their immediate operating cash flow needs.

Comments on Funding:

Funding is up to $60,000 to support eligible operating costs such as rent, utilities, insurance, and health and safety improvements due to COVID-19.
A portion may be forgivable, and the Account Manager will discuss this with the applicants.


When It Ends:

Closed

Deadline:

Rolling Deadline

Eligibility:

Applicant must:

  • be Indigenous business owners impacted by COVID-19;
  • be within NADF's catchment area (NADF's catchment area is Northern Ontario, which NADF defines as the territories of Treaty 9, Treaty 5 (Ontario portion), Treaty 3, and Robinson-Superior 1850.);
  • also satisfy the following eligibilty criteria:
  • businesses must have been established prior to March 1, 2020;
  • businesses must have been impacted adversely due to the COVID-19 pandemic;
  • businesses must have been viable and must not be experiencing financial difficulties prior to March 1, 2020;
  • the applicant is in good standing with NADF; and
  • the applicant must have been able to obtain commercial financing at March 1, 2020.

Other terms and conditions apply and Account Manager will discuss with the applicants.

Applications Steps:

1

 contact their Account Manager by email or call 1-800-465-6821 or 807-623-5397, if they are an existing or former NADF client;

2

email covid@nadf.org or call toll free 1-800-465-6821 or 807-623-5397 and an Account Manager will be assigned to work with them, if they are new clients.

Other Things to Note:

Program no longer active in January 2022. 

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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