Small business funding in Nunavut
The territory's programs include Kakivak Association's Sivummut Grants, up to $25,000 in non-repayable support for Inuit-owned businesses in the Qikiqtani region. The Strategic Investments Program offers contributions of up to $250,000 through the Nunavut Business Investment Fund. The Kivalliq Business Development Centre offers loans up to $150,000. BBN Labs helps you find the programs that fit and sends deadline alerts. You apply on the official program site.
Local funding options
Most of Nunavut's small-business funding comes from a few northern organizations. Kakivak Association serves Inuit-owned businesses in the Qikiqtani region with Sivummut Grants worth up to $25,000 in non-repayable support and Makigiaqvik term loans up to $50,000 at a fixed 8.5% over as much as seven years. Open to any Nunavut business, the Strategic Investments Program contributes $50,000 to $250,000 through the Nunavut Business Investment Fund, and the Kivalliq Business Development Centre lends up to $150,000.
For Inuit-owned tourism businesses in six Qikiqtani communities, Kakivak's Economic Opportunity Fund puts up to $10,000 toward tourism marketing and equipment.
City rules we checked
- Kakivak Association's Sivummut Grants give Inuit-owned businesses in the Qikiqtani region up to $5,000 for pre-start-up, up to $10,000 for start-up and up to $10,000 for expansion, to a maximum of $25,000 in total grants per business. source ↗
- The Strategic Investments Program funds a minimum of $50,000 and a maximum of $250,000 through the Nunavut Business Investment Fund, capped at a 1:3 ratio of a project's required arm's-length debt or equity financing. source ↗
- The Kivalliq Business Development Centre offers repayable loans of up to $150,000 to new and existing businesses across the Kivalliq region. source ↗
Notes reflect official sources as checked on September 24, 2026; programs change, so confirm with the administrator.
Programs
Funding programs for Nunavut
Every program shows its official source, what kind of help it is, and when we last checked it.
Strategic Investments Program: Nunavut Business Investment Fund
Up to $250,000
The Nunavut Business Investment Fund helps local owners grow through the Strategic Investments Program.
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Nunavut Business Credit Corporation
The Nunavut Business Credit Corporation offers term loans, construction financing, loan guarantees and other credit to help Nunavut businesses…
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Kivalliq Business Development Centre
Up to $150,000
KBDC offers loans and business counselling to new and existing businesses across the Kivalliq region.
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Student Work Placement Program
Up to $5,000
A federal wage subsidy for employers who hire post-secondary students through the Student Work Placement Program (SWPP).
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BDC: Business Purchase or Transfer Loan
A BDC loan to help you buy an existing Canadian business. It can fund buying a competitor or supplier, a management or employee buyout, taking over a…
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Apprenticeship Job Creation Tax Credit
Up to $2,000
A federal non-refundable tax credit for employers who hire apprentices in Red Seal trades. It is worth 10% of eligible apprentice wages, up to $2,000…
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Community Futures Network of Canada
Community Futures has 267 non-profit offices across Canada. They provide small business loans, training and local support to entrepreneurs in rural…
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BDC: Purchase Order Financing
Up to 90% of costs
A short-term BDC loan that helps Canadian businesses pay suppliers and production costs so they can fill a confirmed customer order when cash flow is…
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BDC Financing: Certified Green Building Loan
Up to 100% of costs
A BDC loan to buy, build or renovate a business property that you plan to get green certified, for example LEED or Zero Carbon.
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Funding by need
What funding can pay for in Nunavut
Funding for Tourism
Grants and loans that may help pay for visitor marketing and online booking.
Funding for Online Ordering and Booking
Grants and loans may help pay for online ordering, booking and reservation systems.
Funding for E-commerce
Grants and loans to help you launch or improve your online store.
Funding for Websites
Grants and loans to help you build or improve your business website.
Frequently asked questions
What funding is available for small businesses in Nunavut?
Quite a bit, most of it through northern institutions. Kakivak Association funds Inuit-owned businesses in the Qikiqtani region with Sivummut Grants up to $25,000 and Makigiaqvik loans up to $50,000. Open to any Nunavut business, the Strategic Investments Program contributes up to $250,000 through the Nunavut Business Investment Fund, the Kivalliq Business Development Centre lends up to $150,000, and the Nunavut Business Credit Corporation offers government-backed loans and guarantees. Check your funding fit and we will show you the ones that may fit.
Can BBN Labs help my Nunavut business from outside the territory?
Yes. We track Nunavut's programs from official sources, show which ones fit, and send deadline alerts. You apply directly to each program.
Also see: all verified funding in Nunavut, the full funding list and our guides.