Nord-Aski Regional Economic Development Corporation – Loan Guarantees & Equity Participations


Nord-Aski REDC provides loan guarantees and equity participation to area businesses who contribute to the creation and/or maintenance of long term employment in the communities it serves.

Comments on Funding:

No other details available.


Applicants must be:

  • businesses in the Nord-Aski REDC’s service area;
  • businesses planning to locate, start or expand business operations within the boundaries of Nord-Aski REDC.

Applications Steps:

Applicants must:

Other Things to Note:

  1. Nord-Aski REDC promotes economic growth in four Northeastern Ontario municipalities and the Unincorporated Territories along Highways 11 and 631. The region covers approximately 25,900 square kilometers and it includes:
    a) Constance Lake First Nation,
    b) Town of Hearst,
    c) Township of Hornepayne, and
    d) Municipality of Mattice-Val Côté.
  2. A FedNor investment of $455,000 will enable Nord-Aski to administers the Northeastern Ontario Investment Pool for a three-year period on behalf of the 13 partner CFDCs in the region. The Investment Pool provides term loans, patient capital and equity financing to qualifying small and medium-sized businesses in the region. This shared lending approach reduces the risk to participating CFDCs and allows them to support strategic and larger-scale projects by offering business financing up to a maximum of $500,000.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *