This program is designed specifically for businesses like yours, offering a range of financial solutions to support your growth and success. Whether you need funds to start a new venture, expand your existing operations, or purchase essential equipment, this program has you covered.

Key Benefits:

• Flexible Financing Options: Choose from various loans, microloans, and grants tailored to your needs.
• Government-Backed Support: Enjoy the security of government-backed financing, ensuring stability and trust.
• Diverse Uses: Funds can be used for operating expenses, new equipment, inventory, and more.
• Easy Qualification: The application process is straightforward, with a team ready to guide you.

By applying, you gain access to resources that can propel your business forward, making it easier to achieve your goals and secure your future.

Loan Financing Details:

• Repayment Terms:

  • Flexible repayment options available, including floating rate with principal plus interest payments, floating rate with blended payments, and fixed rate with principal plus interest payments.
  • Amortization period of up to 15 years for all asset classes like real property, equipment, leasehold improvements, intangible assets, and working capital.

• Interest Rates:

  • Competitive interest rates tailored to your specific financial needs and circumstances.

• Eligible Expenses:

  • Funds can be used for a variety of purposes, including purchasing equipment, leasehold improvements, intangible assets, and working capital.
  • Eligible expenses include purchases made within the past 365 days before the loan approval date.

• Ineligible Expenses:

  • Funds cannot be used for personal expenses, investments unrelated to the business, or any illegal activities.

• Fees:

  • A document preparation fee of $175 may apply.
  • An application fee of $100 is required.
  • No renewal fee for standalone loans.
  • A one-time Federal Government registration fee of 2% of the loan amount, which can be financed as part of the loan.
  • An administration fee of 1.25%, included in the interest rate.

This program offers a range of financial solutions to help your business grow. You can access loans, microloans, and grants to fund various business needs. Whether you are starting a new venture, expanding your current operations, or acquiring an existing business, this program can provide the financial support you need.

Loans can be used for unique projects or to establish and grow your business. Microloans are available for smaller, short-term needs, helping you overcome financial hurdles. Grants offer non-repayable funding for eligible Indigenous entrepreneurs and businesses, giving you the funds to achieve your business goals without the burden of repayment.

The program is designed to empower you and ensure your business succeeds. With a variety of financing options, you can find the right support to bring your vision to life and secure your future.

To apply for the program, follow these steps:

1. Gather Required Documentation:

• Business Plan
• Financial Statements (last two years)
• Proof of Business Registration
• Identification Documents (e.g., driver's license, passport)
• Detailed Project Proposal (if applicable)
• Quotes or Estimates for Intended Use of Funds

2. Complete the Application Form:

• Visit the NADF website and download the application form.
• Fill out all required fields accurately.

3. Prepare a Detailed Business Plan:

• Outline your business goals, strategies, and financial projections.
• Include how the loan or grant will be utilized to achieve these goals.

4. Submit the Application:

• Attach all gathered documentation to the completed application form.
• Submit the application via the NADF online portal or mail it to the provided address.

5. Follow Up:

• Contact NADF to confirm receipt of your application.
• Be prepared to provide additional information if requested.

6. Attend an Interview (if required):

• Be available for a potential interview to discuss your application in more detail.

7. Await Decision:

• NADF will review your application and notify you of their decision.
• If approved, discuss the loan or grant terms and conditions.

8. Receive Funds:

• Upon approval and agreement of terms, the funds will be disbursed to your business account.

9. Implement Your Plan:

• Use the funds as outlined in your business plan.
• Keep records of all expenditures for reporting purposes.

10. Report Progress:

• Provide regular updates to NADF on the progress of your project or business as required.