Comments on Funding:
Funding is up to $500,000, and in exceptional cases, up to $1,000,000. The applicant will pay interest and other fees, if applicable. Interest rates vary from 8% to 12%.
Individuals and existing businesses can apply for financing. Individuals must:
Existing businesses must:
Applicants must provide a cash equity contribution (minimum 10% the applicants aged 18 to 35 and minimum 15% the applicants over 35 years old).
The applicant must:
The applicant must complete and submit NADF loan application and a business plan.