Emergency Loan Program

In response to the COVID-19 crisis, IAPO through assistance provided by the Government of Canada is providing emergency loans to Indigenous business owners impacted by Covid-19. The Emergency Loan Program (ELP) is a component of the Indigenous Business Stabilization Program (IBSP).

The ELP is designed as an emergency measure to support small business owners in meeting their immediate operating cash flow needs. These funds are not intended to replace or duplicate government or other bank/lender emergency financing/funds that are available to businesses in Canada.

Download full details here.

Maximum assistance is $40,000 comprised of a 75% loan and 25% non-repayable contribution.
Loan and contribution are issued together. Specifically, loans are:

Up to 48 months term;

Interest free;

No payments in first 12 months;

Loan payments begin in month 13 and are fully amortized over the remainder of the term.

Eligible Costs: Indigenous owned businesses negatively impacted by COVID-19 can apply for this funding
to support their immediate working capital and operational needs.

For more information, please see the ELP Details & FAQ, or contact IAPO.


An emergency fund designed to support the immediate working capital and operating needs of Indigenous small businesses affected by COVID – 19.

Maximum of $40,000 comprised of 75% loan and 25% non-repayable contribution.

No interest over the entire term, no payments in first year with a term maximum of 48 months.

Majority owned Indigenous for profit businesses impacted by COVID 19 which were established prior to March 15, 2020 that are existing, former or new clients of IAPO. Existing and former IAPO clients will be given priority.

Non-deferrable operating expenses (payroll, rent, utilities, insurance, property taxes and regularly scheduled debt service) and emergency measures (health and safety improvements, workplace sanitizing, and procedures to secure the safety of employees and business operations).

Any payments or expenses such as prepayment/refinancing of existing debt, payments of dividends, distributions and increase in management compensation.

If you have historical financial statements prepared we ask you submit them for the last fiscal year. If not, please complete and submit a current balance sheet (template provided).

Yes. IAPO has created a user friendly template for applicants to complete and submit as part of their application for funds. When completing it, please do so in a manner that best represents your current situation for revenues and expenses.

Retail, production and manufacturing of tobacco and cannabis products.

Please see below.

  •  Completed and Signed ELP Application;
  •  Identification and Proof of Indigenous Ancestry;
  •  Historical Financial statements (Income Statement / Balance Sheet);
  •  12 Month Cash Flow Statement (Template provided).

Our ELP Lead will assess application completeness as soon as they are submitted. Applications deemed complete for assessment will be put in que for review. Applicants who submit incomplete applications will be asked to provide missing information ASAP.

Central and Eastern Ontario for commercial businesses and all of Ontario for agri-businesses.

Check the IAPO website at www.indianag.on.ca and/or email info@indianag.on.ca.

Are you interested in applying for the Emergency Loan Program?

Apply Today