NON-REFUNDABLE CONTRIBUTION



Aboriginal Business Development Program (ABDP)


MAXIMUM CONTRIBUTION
For a private project, up to$99 999

MAXIMUM CONTRIBUTION
For a community project, up to$1M

Eligible activities

  • Start-up, acquisition or expansion of a business
  • Implementation of marketing activities
  • Project-related management
  • Professional advisory services after the business is launched (accountant or other)
  • Development of a business plan, marketing plan or feasibilities studies (assessments, environmental studies, etc.)

Eligible Clientele

FIRST NATIONS
  • Abenaki
  • Algonquin
  • Atikamekw
  • Cree
  • Huron-Wendat
  • Malecite
  • Micmac
NATIVE ALLIANCE OF QUEBEC

Eligibility criteria


Be:
– A First Nation or the Native Alliance of Quebec
– A member of a First Nation or the Native Alliance of Quebec
– A corporation owned by a First Nation, the Native Alliance of Quebec or by one of their members

Have the necessary financial resources (equity: 10% minimum of the cost of the project)
Present a viable business project
Have a good credit rating
Have experience and training in the field of activities
Mandatory full-time involvement in the business
Operate a business not involved in the following sectors of activity (gambling, sex, alcohol, tobacco)

Other sources of financing


A non-refundable contribution is the last resort in terms of financing which means that::

  • All additional sources of financing have been considered and approved
  • Borrowing capacity is at its maximum
  • Equity is at its maximum

The following factors will be evaluated to determine the amount to which you are entitled:

  • Eligible expenses (cost of project)
  • Net value of applicant (equity)
  • Other available sources of financing

IMPORTANT - No expenses incurred prior to approval of your file will be considered eligible in the calculation of the non-refundable contributionprior to final approbation of your file.

Contribution level

Development of a business plan, marketing plan or feasibilities studies
Contribution rate up to 75%

Start-up, acquisition or expansion of a business
Contribution rate up to 40%

Implementation of marketing activities
Contribution rate up to 60%

Project-related management
Contribution rate up to 75%

Professional advisory services after the business is launched (accountant or other)
Contribution rate up to 75%

Equity required -
Individual

Net value - Less than 350 000$
Net value 10% to 15%

Net value - 350 001$ to 700 000$
Net value 16% to 20%

Net value - 700 001$ to 1 M$
Net value 21% to 25%

Net value - More than1 M$
0% - Self-financing

Equity required -
Band Council

Net value - Less than 3,5 M$
Net value 10% to 15%

Net value - 3,5 M$ to 7 M$
Net value 16% to 20%

Net value - 7 M$ to 10 M$
Net value 21% to 25%

Net value - More than10 M$
At the discretion of AADNC