Aboriginal Business Financing Program (ABFP)

By mmuise
Description:

Waubetek can assist Aboriginal businesses with capital to establish, expand or acquire businesses on or off reserve in North-East Ontario.


Comments on Funding:

Funding is a percentage of the total project costs as following:
1. up to $99,999 for individuals; 2. up to $250,000 for First Nation Communities/First Nation owned businesses; 3. up to 75% of the costs for Business Planning, Business Valuations, Marketing, Business Support and Mentorship.

Deadline: Currently accepting applications
Eligibility:

Applicants must be:

  • First Nation, Metis, Inuit and non-status (proof of Aboriginal heritage is required),
  • located in North-Eastern Ontario;
  • individuals;
  • First Nation Communities/First Nation owned businesses.
Application Steps:

Applicants must submit the application and the supporting documentation online.

Documentation Needed:

The applicant must provide:
1. a government ID (driver’s license, health card,) etc, or, if corporation, copies of their incorporation documents, by-laws, and confirmation of signing authorities;
2. documentation of Aboriginal Ancestry; Proof of Aboriginal heritage is required through one of the following:
a) First Nation registered members must provide a copy of their Certificate of Indian Status card issued by First Nation/Government of Canada (may follow-up with First Nation to confirm).
b) Applicants of Inuit ancestry will provide a letter of confirmation from the Inuit Tapiriit Kanatami.
c) Non-Status Indians must provide a birth certificate proving a genealogical link to a First Nation registered member.
d) Metis citizens must apply to the Metis Voyageur Development Fund for financial assistance. 3. a resume;
4. a summary of its project;
5. its Cash Equity Confirmation & Documentation;
6. a full consulting proposal/marketing plan/business plan/business valuation once the client eligibility is established. Information on an appropriate structure for preparing a business plan will be provided.

Other Things to Note:

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About the author
mmuise