Sources of Financing

1. Federal Government

Aboriginal Business Canada (ABC) – www.ainc-inac.gc.ca/ecd/ab/abc/abt/index-eng.asp

Note: program delivered in Nunavut by Kakivak Association (Baffin Region) and the Kitikmeot Economic Development Commission (Kitikmeot and Kivalliq Regions).

Indian and Northern Affairs Canada (INAC) – www.ainc-inac.gc.ca

Note: INAC’s “Economic Development Opportunity Fund”, the “Major Business Projects Program” and the “Resource Acquisition Initiative” are delivered in Nunavut by Kakivak Association (Baffin Region) and the Kitikmeot Economic Development Commission (Kitikmeot and Kivalliq Regions).

Business Development Bank of Canada (BDC) – www.bdc.ca

BDC services are made available through a broad network of more than 80 branches stretching coast to coast. To maximize the Bank’s reach, smaller and more remote communities are served through satellite branches, traveling account managers and consultants.

2. Community Futures Group

Baffin Business Development Corporation (BBDC)
PO Box 1480, Iqaluit, NU X0A 0H0
(867) 979-1303 phone / 979-1508 fax
*serves the Baffin region of Nunavut

Keewatin Business Development Centre (KBDC)
PO Box 328, Rankin Inlet, NU X0C 0G0
(867) 645-2126 phone / 645-2567 fax
*serves the Kivalliq region of Nunavut

Kitikmeot Business Development Centre (KBDC)
PO Box 8, Cambridge Bay, NU X0B 0C0
(867) 983-2337 phone / 983-2193 fax
*serves the Kitikmeot region of Nunavut

3. Regional Inuit Economic Development Agencies

Kivalliq Partners in Development – www.ncedo.ca Kivalliq Partners in Development is a one-stop centre for all your business-development needs. If you want to start up a new business venture in the Kivalliq, or you are a businessperson who wants to expand your company, KPID has a wide range of programs and services available to help you achieve your goals. Kitikmeot Economic Development Commission – www.kedc.ca KEDC is the economic development arm of the Kitikmeot Inuit Association, and serves beneficiaries of the Nunavut Land Claims Agreement in the Kitikmeot region of Nunavut. Kakivak Association – www.kakivak.ca Kakivak Association’s job is to support training programs, business start-ups, youth employment and daycares for Inuit in the Baffin Region.

4. Territorial Government

Department of Economic Development & Transportation – www.gov.nu.ca

Nunavut Business Credit Corporation (NBCC)
PO Box 224
Cape Dorset, Nunavut X0A 0C0
Telephone (867) 897-3649 or Fax (867) 897-3562
Toll free number: 1-888-758-0038

Helps individuals and businesses to take advantage of business opportunities through financial services including short and long term loans, contract security, equity positions and loan guarantees.

Nunavut Development Corporation (NDC) – www.ndcorp.nu.ca

A corporation of the Nunavut Government mandated to create employment and income opportunities for residents of Nunavut, stimulate the growth of businesses and promote economic diversification. NDC focuses on value added exportable products that utilize the unique talents and resources of Nunavut, specifically businesses in the arts and crafts, and meat and fish sectors.

5. Chartered Banks

Bank of Montreal – www.bankofmontreal.com

CIBC – www.cibc.com

First Nations Bank – www.firstnationsbank.com

National Bank of Canada – www.nbc.ca

Royal Bank – www.royalbank.com

Scotia Bank – www.scotiabank.com

Toronto Dominion – www.tdbank.com