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, Metis, Inuit and non-status applicants located in North-Eastern Ontario; proof of Aboriginal heritage is required through provision of an Indian status card, Metis Nation of Ontario membership card (or other Metis provincial organization affiliated with the Metis National Council), or confirmation of Inuit ancestry through the Inuit Tapiriit Kanatami. A viable business plan, along with the applicant demonstrating their credentials and experience, is required to access the ABFP.
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