Nunavut Business Credit Corporation Financing
NBCC provides loans, loan guarantees, lines of credit, and bonds from $150,000 to $5 million to Nunavut small and medium businesses.
About this program
Nunavut Business Credit Corporation provides financing alternatives to small and medium business enterprises in Nunavut that need credit for business growth and development. NBCC can provide loans, loan guarantees, bid bonds, performance bonds, labour and material payment bonds, lines of credit, and term loans. Financing can support fixed assets, realty, leasehold improvements, debt consolidation, inventory, working capital, bridge financing, accounts receivable, accounts payable, and bid security for construction projects.
Eligibility
Small and medium business enterprises resident in Nunavut may apply for NBCC financing when they require credit generally above $150,000 and can meet lending and security requirements.
Requirements
- Business must be resident in Nunavut.
- Financing request is generally expected to be greater than $150,000 and cannot exceed $5 million to one business enterprise or related enterprises.
- Project must involve eligible business purposes such as fixed assets, realty, leasehold improvements, working capital, inventory, bridge financing, or bid security.