Up to $25.000 loans for NWT businesses affected by the COVID-19 pandemic

Government of the Northwest Territories (GNWT)/BDIC Working Capital Loans

Type of Funding

Loan

Max Funding

25,000.00

Region

Provincial

Application Difficuty

Average

Processing Time

Medium (A few weeks)

Province

Northwest Territories

Industry

N/A

Funding Goals

Working capital.
COVID-19 Help.

Demographic

N/A

Incorporated

Yes

Contact

IITIBusinessinquiries@gov.nt.ca
(867) 767-9075

Get A Fast Business Loan

Business location – Canada
Monthly Revenue – $10K +
Time in Business – 6 months +

Funds in 24 hours
$5,000 to $500,000
No hidden fees
No collateral
Applying doesn’t impact credit score

Details

Low interest loans of up to $25.000 (or more if needed) offered by GNWT/BDIC for NWT businesses having cash flows issues resulting from the COVID-19 crisis.

Eligibility

NWT business license
Demonstration of financial need for a 30 day period due to cash flows issues resulting from the COVID-19 crisis, ideally backed up by supporting documents

Similar funding programs

Loan
EDC's capacity to help Canadian entrepreneurs expanded in mid-March with the launch of the $10-billion federal Business Credit Availability Program (BCAP). This program allows EDC to offer Canadian businesses of all sizes the credit they need during the COVID-19 pandemic. We are working in concert with the Business Development Bank of Canada (BDC) and private sector lenders to ensure Canadian companies get support during these uncertain times.
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Business Credit Availability Program (BCAP)/EDC
Loan
Working capital loans of up to $2 million with flexible repayment terms such as principal postponements for qualifying businesses plus Reduced rates on new eligible loans and Flexible repayment terms, such as postponement of principal payments for up to 6 months, for existing BDC clients with total BDC loan commitment of $1 million or less
Max Funding $2,000,000.00
Business Credit Availability Program (BCAP)/BDC
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Additional loans of up to $500.000 plus deferral of principal and interest payments to ensure producers, agribusinesses, and food processors have access to the cash flow they need to manage through this challenging time
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FCC COVID-19 support program

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