Nishnawbe Aski Development Fund (NADF)-Indigenous Business Stabilization Program (IBSP) (2022)
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.
Eligibility:
Applicant must:
- 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:
 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;
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Program no longer active in January 2022.
Program Contact:
When It Ends:
Closed
Deadline:
Rolling deadline