NACCA and Aboriginal Financial Institutions Across the Country Roll Out Emergency Loans to Indigenous Businesses
June 25, 2020, Ottawa ON – The National Aboriginal Capital Corporations Association (NACCA) is very pleased to announce that Indigenous businesses have begun accessing economic relief from NACCA and Aboriginal Financial Institutions (AFIs). The AFI network provides financial and business services to First Nations, Inuit, and Métis communities from coast to coast to coast.
As a national leader in Indigenous economic development, NACCA began seeking a COVID-19 response tailored to the needs of Indigenous entrepreneurs when the crisis first hit in March. Working with Indigenous Services Canada, the Association put forward a plan to help Indigenous businesses survive and recover. In late April, the federal government confirmed that it will provide $307 million in relief, including $204 million for an Emergency Loan Program (ELP) to be delivered by NACCA and AFIs.