Loans

Are you seeking financing to kickstart a unique project, launch your startup, or acquire an existing business? Look no further - NADF has your back.

Reach out to us today to assess your eligibility and start the application process for your NADF loan. Let's turn your business dreams into reality together.

 

 

Who can Apply for a NADF Loan

Individuals:

  • You are over the age of 18 and are of Indigenous 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%) Indigenous business
  • Your business is based in Northern Ontario

 

 

NADF Loan Equity Requirements

Applicants applying for a loan from NADF must provide a cash equity contribution.  Cash equity requirements may vary, but the minimums are:

  1. Applicants 18-39 years, minimum 10% cash equity requirement
  2. Applicants over 39 years, minimum 15% cash equity requirement

 

 

NADF Loan Limits & Interest Rates

  • 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%.