Nishnawbe Aski Development Fund (NADF) – NADF COVID-19 Emergency Loan Fund (ELF) (2022)
Description:
The NADF COVID-19 Emergency Loan Fund (ELF) provides up to $25,000 in support to eligible Aboriginal businesses operating on or off-reserve in NADF’s catchment area and who have been impacted by the COVID-19 pandemic.
Comments on Funding:
Funding is up to $25,000 to support eligible operating costs.
Other terms and conditions apply and the applicant will discuss them with the Account Manager.
Eligibility:
Applicant must:
- be for-profit businesses;
- 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 applicants are 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. The ELF program is intended to support eligible operating costs incurred on or after March 15, 2020, retroactively. Eligible operating costs such as rent, utilities, insurance, and health and safety improvements due to COVID-19 are eligible for support.
Applications Steps:
Other Things to Note:
Program no longer active in January 2022.
Program Contact:
When It Ends:
Closed
Deadline:
Rolling deadline