What is Nunavut Business Credit Corporation (NBCC)?
Nunavut Business Credit Corporation (NBCC) is delivered by Nunavut Business Credit Corporation as a loan. Funding reaches $150,000 to $5,000,000 per business enterprise. This page covers eligibility, intake status, and what an application actually requires.
At a glance
| Funding amount | $150,000 to $5,000,000 per business enterprise |
|---|---|
| Cost share | N/A (loan) |
| Level | Territorial |
| Program type | Loan |
| Delivered by | Nunavut Business Credit Corporation |
| Available in | NU |
| Intake status | Open - continuous |
| Last verified | 2026-08-24 |
Who qualifies
- Eligible industries: All Nunavut sectors
- Eligible activities: Business startup; expansion; working capital; equipment
Watch out for
Outside Nunavut
Deadlines & how to apply
Open continuously. Financing from $150,000 to $5,000,000 per business enterprise or group of related enterprises. Instruments: term loans, loan guarantees, and bid, performance, labour and material bonds. NBCC does NOT provide grants, forgivable loans or equity, so it is a financing record, not a grant record. Term loans run to a maximum five year term with amortization up to 25 years; lines of credit are renewed annually. Interest is NBCC's cost of borrowing plus a 0% to 5% risk adjustment. Note the $150,000 floor: smaller Nunavut businesses are better directed to CanNor or Nunavut community futures organizations.
How NorthGrants helps with Nunavut Business Credit Corporation (NBCC)
Most business owners read about Nunavut Business Credit Corporation (NBCC), see the funding amount, and stop. The hard part isn't finding the grant. It's building an application that actually wins.
NorthGrants builds the full application framework for you: a tailored project narrative aligned to this program's evaluation criteria, a budget structure that maps to eligible costs, and the supporting documentation checklist. You review it, refine the parts only you can write, and submit.