Nunavut Business Credit Corporation Term Loan
$1,000,000.00
Loan
Description:
The Nunavut Business Credit Corporation provides business term loans with a fixed interest rate, with monthly principal and interest payments, generally amortized over the economic life of the asset being financed.
Comments on Funding:
1. Funding can take the form of loans of up to $1,000,000 per business.
2. Generally, credit facilities greater than $150,000 are provided since community futures organizations fill this niche.
3. The maximum term provided by Nunavut Business Credit Corporation is 5 years, with the maximum amortization period being 25 years.
Continuous Intake
Eligibility:
Applicants must be businesses in Nunavut.
Application Steps:
For details, applicants must contact Nunavut Business Credit Corporation:
Phone: (867) 975-7891
Toll Free: 1-888-758-0038
Email: abarkhouse@nbcc.nu.ca
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
About the author
Maurice
