Nunavut Business Credit Corporation
Get the capital you need to grow your Nunavut business through government-backed loans, lines of credit, or guarantees. Just remember this is repayable debt with interest, so confirm the specific terms directly with the corporation.
“Lender of Northern Opportunity We provide financing solutions to small and medium business enterprises in Nunavut who require between $150,000 and $5 million in loans or guarantees.”
From the official program page
Before you spend a dollar
Confirm with the NBCC whether funds are disbursed upfront or upon completion of milestones, as this varies by loan type.
At a glance
Subject to program rules, available funding, and approval. Confirm current details with the official program administrator.
Not sure if you qualify?
Get a free, 2-minute read on whether this program fits your business. No obligation.
Check your fit →Is this for you?
- You run a business in Nunavut and need financing for assets, working capital, or construction projects.
- You need a letter of credit or bond to fulfill a specific contract or supplier obligation.
- You want a guarantee to help secure a loan from another financial institution.
Probably not the right fit if
- You are looking for a grant or non-repayable funding since this is strictly debt financing.
- You are not located in Nunavut because this program is territorial only.
- You cannot service debt repayments since approval depends on your ability to pay back the loan.
How much you'd realistically get
Variable based on your business size, asset value, and creditworthiness; confirm caps on the official page.
What may be supported
- Purchasing equipment or assets via term loans.
- Covering working capital gaps via lines of credit.
- Real estate development or construction projects.
- Securing performance bonds or letters of credit for contracts.
How applying works
Effort: moderateYou must contact the NBCC directly and prepare documents as listed in their 'Documents Required' section.
- 01Review the 'Before You Begin' and 'Mandatory requirements' pages on the NBCC website.
- 02Check the 'Lending Parameters' to ensure your project fits their criteria.
- 03Gather the documents listed in the 'Documents Required' section.
- 04Contact the NBCC directly via phone or email to start the application process.
Who to ask: (867) 975-7891, 1-888-758-0038, (867) 975-7897, amcpherson@nbcc.nu.ca
Before you apply
Your lender will want to see what the money buys
A written quote for the project makes your application concrete and shows the lender exactly where the money goes. BBN Labs works with you on this: we prepare a quote for the work this program funds — scope, costs and timelines you can put straight into your application. Free, no obligation.
Get my quote for this program →Documents commonly required
- Business plan or financial projections (confirm specific requirements on the official page).
- Proof of location and legal status in Nunavut.
- Details of the asset or project you are financing.
- Existing financial statements or tax returns (confirm specific years required on the official page).
How BBN Labs helps
- BBN builds your website and online store as a complementary project alongside your NBCC-financed assets, reaching customers across Nunavut.
- BBN sets up POS and automation systems under the loan's asset financing, streamlining daily operations and saving you time.
- BBN coordinates the branding and technology fit-out of your real-estate build-out alongside the qualified construction team, so your space opens polished.
- BBN guides you through each step so you avoid the small mistakes that cause Canadian funding applications to be rejected.
What to know before you count on it
- This is financing, not a grant. You must repay the principal plus interest.
- Commercial-style terms usually apply, and you may need to show that a regular bank would not fully cover your needs.
- Specific interest rates, fees, and repayment schedules are not stated here; confirm on the official page.
- Eligibility details such as business size limits are not detailed on this landing page; confirm on the official page.
What are your odds?
Approval depends on your business plan's ability to service the debt and meet their lending parameters, not on a competitive ranking.
Frequently asked questions
Is this money free?
No. This is a loan or guarantee. You must repay the money with interest.
What documents do I need?
The specific list is not stated here. Review the 'Documents Required' page on the NBCC website or call them to confirm.
Can I use this for working capital?
Yes, lines of credit are available to smooth cash flow during your annual business cycle.
Who administers this program?
The Nunavut Business Credit Corporation (NBCC) administers this program directly.
What you can combine it with
You can often combine this with other grants for the same project, but the loan portion must be repaid.
Get alerted when this changes
Programs open and close, budgets run out, rules change. We send one short email when something changes that matters for this program.
Record last updated ; last verified 6 days ago with the official source. Source: official program page.