Interim Construction Financing

By mmuise
Description:

The Nunavut Business Credit Corporation provides eligible businesses loans for real estate development projects, either on a project completion basis or a percentage of completion basis.


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.

Deadline: Continuous Intake
Eligibility:

Applicants must:

  • be developers;
  • be businesses in real estate development;
  • be based in Nunavut Territory.
Application Steps:

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Documentation Needed:

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Other Things to Note:

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About the author
mmuise