Kitikmeot Community Futures Business Loans
Kitikmeot Community Futures provides loans and guarantees up to $450,000 plus business counselling and planning support to businesses in the Kitikmeot Region.
About this program
Kitikmeot Community Futures Inc. supports community economic development in the Kitikmeot Region of Nunavut by providing loans, guarantees, bid bonds, startup funds, inventory financing, capital funds, business counselling, technical assistance, and business planning support. The organization serves communities including Cambridge Bay, Kugluktuk, Gjoa Haven, Kugaaruk, Taloyoak, Bay Chimo, and Bathurst Inlet. Financing can help entrepreneurs and small businesses that may not be able to access bank or credit union financing.
Eligibility
Entrepreneurs and businesses in the Kitikmeot Region may apply for loans, guarantees, and advisory support for eligible startup, inventory, capital, or business development needs.
Requirements
- Business must be located in or serve the Kitikmeot Region of Nunavut.
- Applicant must submit an application for assistance and provide a business plan when required.
- Financing must support eligible business needs such as term loans, guarantees, bid bonds, startup funds, inventory, capital, or business development.