Type of Program:
NADF provides financing to Aboriginal businesses that rely on the winter road network to transport supplies and inventory at the onset of the winter road season to remain competitive and reduce inventory and supply costs. Winter Road Financing provides financing to cash flow these purchases.
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 offer competitive interest rates.
When It Ends:
contact a NADF Business Support Officer to discuss application details,
complete and submit NADF loan application and a business plan,
discuss their application with the Account Manager,
provide additional information and/or clarification, if required.
The applicant must complete and submit NADF loan application and a business plan.