Yukon Venture Loan Guarantee Program
The Yukon Venture Loan Guarantee Program is a partnership between the Government of Yukon and participating financial institutions. This program encourages commercial lenders to invest in local businesses by guaranteeing a portion of the loan.
Offered by Department of Economic Development
Amount
Up to $100,000
Guarantee of 65% of a venture loan (principal only), minimum guarantee $10,000 to maximum guarantee $100,000, with a one-time fee of 1.5% of the guarantee amount
Quick eligibility check
Who can apply
New business start-ups; or
Expansions of businesses in Yukon that have less than $5 million in gross revenue and less than 100 employees.
Eligible businesses must be registered in Yukon and pay Yukon corporate taxes.
About the funding
Minimum guarantee: $10,000
Maximum guarantee: $100,000
Guarantee level is 65% of a venture loan, principal only, and based on the net loss of the venture loan. For example, a loan guarantee for $65,000 would support a $100,000 loan.
There is a one-time fee of 1.5% of the guarantee amount, payable when the guarantee is issued.
Show all funding details
What is the repayment term?
The repayment term is a maximum of 6 years.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Canadian Agricultural Loans Act (CALA) Program | Loan Guarantee | Federal government guarantees to the lender repayment of 95% of a net loss on an eligible loan | Open |
| EDC Direct lending | Loan, Loan Guarantee | Direct loans that typically start at $1 million, structured to match your business needs, priced in line with commercial market rates | Open |
