NADF Loan

Overview of the NADF Loan program:

Whether you’re looking to access financing for a unique project, start up your business, or establish or acquire an existing company NADF can help you finance your project.

Benefits of the NADF Loan program:

• NADF's loan fund maximum is $500,000, and in exceptional cases, up to $1,000,000.
• NADF interest rates vary from 8.5% to 12%, but under certain conditions, NADF may be able to match commercial bank interest rates.

Eligibility criteria of the NADF Loan program:

• Individuals:
• You are over the age of 18 and are of Aboriginal heritage (First Nations, Metis or Inuit)
• You reside in Northern Ontario
• You are establishing a business in Northern Ontario
• Existing Business:
• Your business is a wholly-owned or majority-owned (minimum 51%) Aboriginal business
• Your business is based in Northern Ontario
• Applicants applying for a loan from NADF must provide a cash equity contribution. Cash equity requirements may vary, but the minimums are:
• Applicants 18-35 years, minimum 10% cash equity requirement
• Applicants over 35 years, minimum 15% cash equity requirement