Type of Program:
Nishnawbe Aski Development Fund provides financing to Aboriginal entrepreneurs and majority-owned Aboriginal businesses operating in Northern Ontario for establishing, expanding or acquiring a business.
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%, but under certain conditions NADF may be able to match commercial bank interest rates
When It Ends:
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:
Contact NADF to determine eligibility
Complete and submit NADF loan application and a business plan,
Provide additional information and/or clarification, if required.
The applicant must complete and submit NADF loan application and a business plan.
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.