Akaitcho Business Development Corporation is a non-profit community lending organization based in N'Dilo, Dettah, and Yellowknife, Northwest Territories. It provides financing up to $200,000 for small businesses, Indigenous Women Entrepreneurs Micro-Loans up to $20,000 with non-repayable contributions, and Women Entrepreneur Loan Fund up to $50,000. The organization also offers business planning, financial forecasting, and workshops. View Akaitcho Business Development Corporation's website for more information.
Akaitcho Business Development Corporation serves as a key community lending organization in the Northwest Territories, providing access to business capital for small businesses in Yellowknife, N'Dilo, and Dettah. As a non-profit organization, it bridges financing gaps for entrepreneurs who may not qualify for traditional bank financing.
The organization administers an Investment Fund providing repayable loans up to $200,000 for new, existing, and expanding small businesses that create jobs for local residents. The Indigenous Women Entrepreneurs (IWE) Micro-Loan program offers repayable micro-loans up to $20,000 plus non-repayable contributions for businesses majority owned by Indigenous women. The Women Entrepreneur Loan Fund (WELF) provides repayable loans up to $50,000 for businesses over 50% women-owned.
Beyond financing, Akaitcho BDC offers comprehensive business support including business planning, financial planning support, self-employment services, and the Indigenous Women's Entrepreneur Series. The organization also hosts events and provides downloadable resources and templates.
All residents of N'Dilo, Dettah, and Yellowknife are eligible to apply for business loans, regardless of ethnicity.