NADF: COVID-19 Emergency Loan Funds
Press Release
Support for Aboriginal Businesses in Northern Ontario
NADF is currently delivering one (1) COVID-19 emergency loan fund to support Aboriginal businesses in NADF’s catchment area that have been impacted by COVID-19.
NADF’s catchment area is Northern Ontario, which NADF defines as the territories of Treaty 9, the Ontario portions of Treaty 5 and Treaty 3, and Robinson-Superior 1850.
Out of the NADF catchment area? Contact an Aboriginal Financial Institution near you.
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These funds are not intended to replace or duplicate government or other bank/lender emergency programs that are available to businesses in Canada.
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NADF COVID-19 Emergency Loan Fund (ELF)
A $250,000 emergency loan fund established by NADF to provide up to $25,000 in support to eligible Aboriginal businesses operating on or off-reserve in NADF’s catchment area and who have been impacted by the COVID-19 pandemic.
NADF’s catchment area is Northern Ontario, which NADF defines as the territories of Treaty 9, Treaty 5 (Ontario portion), Treaty 3, and Robinson-Superior 1850.
Although the focus of ELF is on existing and former clients of NADF, all wholly-owned and/or majority-owned Aboriginal businesses within NADF’s catchment area are eligible to apply.
The ELF program is intended to support eligible operating costs incurred on or after March 15, 2020, retroactively. Eligible operating costs such as rent, utilities, insurance, and health and safety improvements due to COVID-19 are eligible for support.
Applicants must also satisfy the following eligibility criteria:
- be a for-profit business;
- business must have been established prior to March 1, 2020;
- business must have been impacted adversely due to the COVID-19 pandemic;
- business was viable and not experiencing financial difficulties prior to March 1, 2020;
- the applicant is in good standing with NADF; and
- the applicant must have been able to obtain commercial financing at March 1, 2020.
Other terms and conditions apply and your Account Manager will discuss these with you.
How to Apply
If you are an existing or former NADF client, please contact your Account Manager by email or call 1-800-465-6821 or 807-623-5397.
If you are a new client, please email or call toll free 1-800-465-6821 or 807-623-5397 and an Account Manager will be assigned to work with you.
Questions? Contact Us
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