Summer Employment for Nunavut Students
Highlights
This program is a fantastic opportunity for your business. It offers up to $1,000,000 in financing, with an additional $150,000 available for software or day-to-day operating costs. This funding can be used for a variety of needs, including operating expenses, restorations, new equipment, and software.
Key Benefits:
- Government-backed loan: This means more security and better terms.
- Flexible repayment options: You can choose how to pay it back, with up to 15 years to do so.
- Easy qualification: The program is designed to be accessible, ensuring you can get the support you need without unnecessary hurdles.
By being approved, you can make significant investments in your business, helping it grow and thrive. This program is tailored to meet your needs and provide the financial support necessary to achieve your business goals.
Financing Details
Type of Financing: Grant
Eligible Expenses:
- Equipment purchases
- Leasehold improvements
- Intangible assets (e.g., software, patents)
- Working capital
Use of Funds:
- Funds can be used for the above eligible expenses.
- Funds cannot be used for personal expenses, debt repayment, or any non-business-related activities.
Repayment Terms and Interest Rates:
- As this is a grant, there are no repayment terms or interest rates.
Fees:
- No fees are associated with this grant program.
Qualifications
Must be located in one of the following areas:
- Across Nunavut
- Kitikmeot Region
- Kivalliq Region
- Various Communities
- Arctic Bay
- Arviat
- Baker Lake
- Cambridge Bay
- Chesterfield Inlet
- Churchill, Manitoba
- Clyde River
- Coral Harbour
- Gatineau, Québec
- Gjoa Haven
- Grise Fiord
- Igloolik
- Iqaluit
- Kimmirut
- Kinngait
- Kugaaruk
- Kugluktuk
- Naujaat
- Ottawa, Ontario
- Pangnirtung
- Pond Inlet
- Qikiqtarjuaq
- Rankin Inlet
- Resolute Bay
- Sanikiluaq
- Sanirajak
- Taloyoak
- Whale Cove
- Winnipeg, Manitoba
- Eligible for Remote Work
Disqualifications:
- None specified in the provided context.
Description
This program offers your business up to $250,000 in funding. You can use this money to cover various business expenses, such as:
- Purchasing new equipment
- Expanding your operations
- Marketing and advertising
- Hiring additional staff
The funding is flexible and can be tailored to meet your specific needs. You can use it to improve your business infrastructure or to support day-to-day operations.
There is no need to repay the money. This is a grant, not a loan, so you can focus on growing your business without the worry of future debt.
This program is a great opportunity to boost your business and achieve your goals. Take advantage of this chance to invest in your business's future.
Program Steps
Gather Required Documentation:
- Business registration documents
- Financial statements (last 2 years)
- Business plan
- Proof of address
- Identification documents for business owners
- Any other relevant permits or licenses
Complete the Application Form:
- Fill out the official application form provided by the program.
- Ensure all sections are completed accurately.
Prepare a Detailed Proposal:
- Outline how the program will benefit your business.
- Include specifics on how the funds will be used.
Submit the Application:
- Submit the completed application form and all required documentation to the appropriate government office or online portal.
Attend an Interview (if required):
- Be prepared to discuss your application and business plan in detail.
- Answer any questions the review committee may have.
Follow Up:
- Check the status of your application regularly.
- Provide any additional information or documentation if requested.
Receive Approval and Funds:
- Once approved, review the terms and conditions.
- Sign any necessary agreements.
- Receive the funds and implement your business plan.