NADF Financing
At a glance
- Max. $500,000
- Open Date : November 14, 2019
Overview
Access loans, microloans, term loans, winter road financing, and grants for Indigenous businesses and other organizations in Northern Ontario.
Financing terms and conditions
This grant provides various financing modalities to support Indigenous entrepreneurs and businesses, assisting in achieving their business objectives with financial ease. Below are the specific financing options available under this program.
- Nee-Swas Youth Loan Fund: Designed to empower First Nation youth entrepreneurs, providing the financial backing needed to launch successful businesses.
- Indigenous Women in Business Program: Offers financing, as well as online and in-person business training, catering to the needs of Indigenous women entrepreneurs.
- Microloans: Short-term financial solutions aimed at facilitating the growth of micro-businesses by helping them overcome immediate financial challenges.
- Winter Road Financing: Provides financing to manage the cash flow for purchasing supplies and inventory for businesses reliant on winter road networks.
- General Loans: Available for various business needs including starting, establishing, or acquiring businesses.
- Grants: Non-repayable funding offered to eligible Indigenous entrepreneurs and businesses to help achieve their business goals.
Activities funded
NADF provides non-repayable grant funding to eligible Indigenous entrepreneurs and businesses for projects that align with their business goals. These grants support initiatives aimed at empowering Indigenous communities and fostering business growth.
- Funding for Indigenous entrepreneurs to establish or expand their business ventures.
- Financial support to ensure operational sustainability for Indigenous businesses.
- Grants to develop innovative business ideas and turn them into successful enterprises.
- Support for business initiatives that enhance community development and economic growth.
Eligibility
The Nishnawbe Aski Development Fund provides grants to support Indigenous entrepreneurs and businesses with non-repayable funding to achieve their business objectives. Specific eligibility criteria include:
- The applicant must be an Indigenous entrepreneur or business.
Who is eligible?
The Nishnawbe Aski Development Fund provides financial solutions, including grants, specifically targeting Indigenous entrepreneurs and businesses. Eligible applicants must be Indigenous individuals or businesses needing financial support to achieve their business objectives.Eligible expenses
This grant aims to support Indigenous entrepreneurs and businesses by providing non-repayable funding to help achieve their business objectives. The funding is designed to facilitate growth and innovation among eligible businesses.
- Support for Indigenous entrepreneurs to start a new business.
- Financing for growth and expansion of existing Indigenous businesses.
- Assistance for Indigenous entrepreneurs to acquire an existing company.
Eligible geographic areas
The eligibility information concerning geographical areas for the NADF Financing is not specified in the given context. It is recommended to contact the funding body for precise details on eligible locations.
Selection criteria
Here is a summary of the evaluation and selection criteria for the grant:
- Eligible Indigenous entrepreneurs and businesses seeking non-repayable grant funding
- Based on specific business goals and needs
How to apply
Determine Eligibility
- Review the eligibility criteria on the NADF website to ensure your business qualifies for a grant.
- Contact NADF if you have any questions regarding your eligibility.
Gather Required Information
- Prepare a comprehensive business plan outlining your goals and objectives.
- Collect any necessary financial statements and relevant documents that support your application.
Complete the Application Form
- Visit the NADF website to download or access the online grant application form.
- Fill out all required fields accurately and thoroughly.
Submit the Application
- Submit your completed application form and all accompanying documents through the NADF application portal or via mail if applicable.
- Ensure submission is done before the deadline specified by NADF.
Follow Up
- Await confirmation of receipt from NADF.
- Check for any requests for additional information or clarification from NADF.
Additional information
Here are additional relevant details for this grant:
- Applicants may receive support throughout the loan application process from NADF staff to ensure their application is complete and competitive.
- NADF offers a Financial Literacy Series to help potential applicants better manage their finances and improve their loan applications.