Hello,

If your business is in the Northern region, this program is tailored just for you. It offers a range of financial solutions like loan guarantees, working capital loans, lines of credit, and term loans. These options mean you can secure the financial support needed to grow, whether you're Indigenous or non-Indigenous. The program is designed to be flexible, with no strict requirements on employee numbers or revenue, making it accessible for many businesses.

Here's what's in it for you:

• Financial Flexibility: Use the funds to expand, invest in new projects, or manage daily operations.
• No Set Budget or End Date: Apply whenever you need support, without worrying about deadlines.
• Expert Guidance: Benefit from business advisory services to navigate the unique challenges of the North.
• Focus on Character and Capacity: The program prioritizes your potential and ability to succeed.

Getting approved can provide you with the backing and advice necessary to tackle economic challenges and seize opportunities. It's a straightforward process, designed to be accessible for small to medium-sized businesses like yours. This program is here to help you thrive in the North.

Loan Types Available:
The program offers various loan types including loan guarantees, working capital loans, lines of credit, and term loans. This variety ensures flexibility in financing to meet different business needs.

Repayment Terms and Interest Rates:

• Loan Guarantees: You are required to guarantee a portion of the loan, with the remainder covered by the program, reducing the risk and potentially lowering interest rates.
• Interest Rates: Competitive rates are applied, which may vary based on the loan type and your business profile.
• Repayment Period: Options vary by loan type, with terms designed to accommodate the cash flow patterns of your business.

Eligible Expenses:
Funds can be used towards operational costs, equipment purchases, and other business expansion activities. This includes but is not limited to inventory, staffing, and marketing initiatives.

Restrictions on Use of Funds:
The funds should not be used for non-business related expenses or to refinance existing debts that do not contribute to business growth or operational efficiency.

Associated Fees:

• Application Fee: A nominal fee is charged at the time of application to cover processing costs.
• Documentation Fee: There may be a fee for the legal and administrative work involved in finalizing the loan documents.

These financial tools are designed to support the growth and sustainability of businesses like yours in the Northern regions, providing a solid foundation for your business endeavors.

If your business is in the Northern region, this program is a great opportunity for you. It offers loan guarantees, working capital loans, lines of credit, and term loans. This means you can get the financial support you need to grow your business, whether you're Indigenous or non-Indigenous.

The program is designed to support small to medium-sized businesses across all sectors. It's flexible, with no strict requirements on the number of employees or company revenue. You can use the funds to expand, invest in new projects, or manage day-to-day operations.

What's more, this program doesn't have a set budget or end date, which means it's available whenever you need it. With a focus on character and capacity, it’s all about helping you succeed. Get the financial backing and expert advice you need to navigate the unique challenges and opportunities of the North.