Aboriginal Business Financing Program (ABFP)
Waubetek can assist Aboriginal businesses with capital to establish, expand or acquire businesses on or off reserve in North-East Ontario. In summary, this funding is available as follows:
Available to First Nation, Inuit and non-status applicants located in North-Eastern Ontario; proof of Aboriginal heritage is required. First Nation registered members must provide a copy of their Indian status card. Applicants of Inuit ancestry will provide a letter of confirmation from the Inuit Tapiriit Kanatami. Non-Status Indians must provide a birth certificate proving a genealogical link to a First Nation registered member. Metis citizens must apply to the Metis Voyageur Development Fund for financial assistance.
ABFP Conditional Contributions to individuals may be available as a percentage of the total project costs; up to $99,999. The applicant must provide a minimum of 10% equity and must also leverage commercial financing in order to access the conditional contribution for capital projects.
ABFP Conditional Contributions to First Nation Communities/First Nation owned businesses is available as a percentage of the total project costs up to $250,000. The applicant must provide a minimum of 10% equity and must also leverage commercial financing in order to access the conditional contribution for capital projects.
ABFP Conditional Contributions are also available for: Business Planning, Business Valuations, Marketing, Business Support and Mentorship. For these costs, the applicant must provide 25% equity and ABFP may provide up to 75% of these costs within the above stated limits. No commercial loans are required for projects within these categories.
Please consult with a Business Development Officer to obtain information on how to proceed with a full application or visit Application Process