Programs & Services
Our Service Area 89 First Nations Treaty 9 Portion of Treaty 3 & 5 Metis & Inuit Northern Ontario On/Off We are servicing 2/3 of Ontario Remote First Nation communities Robinson Superior
We Support Business Start-ups Partnerships 51% Aboriginally owned Joint Ventures Acquisitions Expansions Franchises Winter Road Activities
Business Support Services Business / Economic Workshops & Seminars Financial Support Services Loans Grants Winter Roads Financing Our Services
Discuss your business idea Guide you through your business planning Offer research assistance as well as help you access other resources to use Help you determine the viability of your idea If viable, assist you with getting started Business Support
Workshops and Seminars We offer a variety of workshops and seminars designed to promote entrepreneurship, personal financing and budgeting, business planning, marketing and community strategic planning. Topics include: - Financial Literacy - Business Planning - Bookkeeping Basics - Other topics available
Financial Support Services Books and records set-up Bookkeeping training Policy creation and development Procedure development and implementation On-going support through mentorship and regular access to a Chartered Professional Accountant (CPA)
Business Loans up to $500,000 Term Loans Bridge Loans Micro Loans
Loans - Criteria Be of Aboriginal heritage Status/Non-Status/Metis Be over 18 years old Reside in Northern Ontario Business must be established and operated in Northern Ontario
A viable idea supported by your Business Plan A Master Business Licence Creditworthiness Proof of your Equity Contribution 10% for youth / 15% for adult Other documents may be required Eligibility
Grants Community Initiative Grant Equity Assistance Grant Aboriginal Business Financing Program
Community Initiative Grant Maximum of $10,000 grant can be approved Applicant is required to contribute 10% equity Money is used to cover the costs related to economic planning and development Qualifying applicants are: Not-for-Profit Aboriginal Organizations Social Enterprises First Nations
Equity Assistance Grant Maximum of $10,000 grant can be approved Applicant is required to contribute 10% equity Money is required to assist with building up businesses equity Qualifying applicants are: For-profit businesses (sole proprietorships, partnerships, corporations)
Aboriginal Business Financing Program (ABFP) Up to $99,999 (individuals) $249,999 (community-owned businesses) in grant funding can be approved Must be managing business fulltime 10-15% own equity is required The money can be used for a wide range of business activities Business Plans/Business Support Capital Costs Marketing Costs
Winter Road Financing To help remain competitive and reduce inventory and supply costs, NADF can assist in financing purchases made during this short period. Available to Ontario s First Nation Communities and Businesses living and operating on remote communities
Micro Loans Funding up to a maximum of $7,500 A microloan may help individuals who do not have a credit history or have a poor credit rating to improve their credit scores. NADF submits monthly reports to the credit bureaus, so this is an opportunity to start/expand business and at the same time fix your credit rating.
Lending Considerations Equity Market Experience Credit Applicant
Lending Considerations Experience We will look at your experience in the industry you are engaging in and how well you may be able to operate a business
Lending Considerations Equity A cash contribution of approximately 10 15% of your overall cost of financing will be required.
Lending Considerations Market Is there a market for your business? Will you have customers or people interested in your product/service?
Lending Considerations Credit We will look at your credit rating, credit history and your ability to re-pay a loan.
The Checklist Proof of Ancestry Copy of your Status Card Identification Copy of Birth Certificate and Driver s License (or Passport) Equity Copy of recent bank statement showing your 10%-15% cash investment Business Structure Your Master Business License, Partnership or Corporation documents Resume Explaining your education, experience and certificates
Supporting Documents Business Plan Quotes for purchases Equipment Inventory Contracts or Letters of Support Information requested may vary by the industry you are entering
Account Manger Make contact Screen your application for eligibility Yes or No If eligible, they will continue their process to get approval If ineligible, they will speak to you to see if we need more information or inform you of why you are ineligible Turn around time depends on the level of funding requested The Next Steps
Application Process Application and Supporting Documents Screening Eligibility - weekly Project Review Letter Of Offer 4-6 Weeks Turnaround Time Monitoring
When you re ready.. We would love to hear from you! Call us at 1(800) 465 6821 E-mail info@nadf.org