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OngoingFederalLoans

Indigenous Growth Fund (NACCA)

National Aboriginal Capital Corporations Association (NACCA) via Indigenous Financial Institutions

Fund-level: CAD $153M committed by accredited investors to enable IFIs to expand lending. No per-loan amount is published; loan sizes and terms are set by the lending IFI.

The Indigenous Growth Fund is an open-ended investment fund (limited partnership) that invests in Indigenous Financial Institutions, which in turn lend to Indigenous entrepreneurs and small and medium businesses. It does not lend directly to businesses; entrepreneurs access the capital by applying to a local IFI.

Open the official page ↗
22
Long shot

How to apply

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Who qualifies

Indigenous entrepreneurs (First Nations, Metis and Inuit) and their small to medium-sized businesses, served through one of the 50+ Indigenous Financial Institutions. IFI lending terms and eligibility are set by each IFI.

IndigenousSmall business

Good to know

  • Funding: Fund size is not a funding amount available to an individual applicant. 700 Indigenous businesses are reported to be using IGF capital and the IGF has made 8 investments in IFIs.
  • Notes: Amount stays null for applicants. Earlier note that the fund was 'entering its next fundraising phase' is not carried forward.

Evidence from the official page

  • amount“With CAD $153M currently committed by accredited investors, the IGF enables Indigenous Financial Institutions to expand their lending” source ↗
  • summary“The IGF makes portfolio investments to Indigenous Financial Institutions (IFIs) rather than lending directly to individual businesses.” source ↗
  • status“700 Indigenous businesses are using IGF capital to start or scale.” source ↗
  • eligibility“There are over 50 IFIs in Canada, from coast to coast to coast.” source ↗

Verified 2026-10-09 · Medium confidence. Always confirm on the official page before applying.