Baffin Business Development — Financial Assistance
NU, Canada
Loans for Baffin Island businesses
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
Expert Advice
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Baffin Business Development Corporation (BBDC)
grant_single|status
grant_card_status|open
grant_single_labels|preview
Loans for commercially viable business start-up, expansion and acquisition.
grant_single_labels|projects
Business start-up, business expansion, and business acquisition are eligible projects for this grant. Activities that create benefits such as jobs and increased business revenues and assets are also considered.
- Business start-up
- Business expansion
- Business acquisition
grant_single|admissibleProjectsExample
$75,000
Montreal
Starting a new eco-friendly clothing line focused on sustainable materials
$75,000
Vancouver
Opening a new organic grocery store focusing on local produce
$100,000
Toronto
Expanding a digital marketing agency to serve the growing tech sector
$120,000
Halifax
Expanding a local food truck business to include two new trucks
$200,000
Calgary
Acquisition of a local bakery business to modernize equipment and expand product range
$160,000
Ottawa
Acquiring an artisanal coffee shop to preserve local business and enhance community
grant_single_labels|admissibility
- Projects must be commercially viable.
- Projects must be based in the Baffin region.
- Projects must create benefits such as jobs and increased business revenues and assets.
grant_eligibility_criteria|who_can_apply
Companies eligible for the Baffin Business Development Corporation (BBDC) grant must be new or existing businesses capable of repaying their loans. The projects must be commercially viable, based in the Baffin region, and should create benefits such as jobs, increased business revenues, and assets.
- New businesses
- Existing businesses
grant_eligibility_criteria|who_cannot_apply
Some types of companies may not be eligible for this grant:
- Companies located outside the Baffin region
- Non-commercially viable projects
- Projects that do not create benefits such as jobs or increased business revenues and assets
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant may include but are not limited to:
- Business start-up costs
- Business expansion expenses
- Business acquisition costs
- Job creation initiatives
- Increased business revenues and assets
grant_single_labels|criteria
There are evaluation and selection criteria for this grant.
- Projects must be commercially viable and based in the Baffin region.
- Projects must create benefits such as jobs, increased business revenues, and assets.
grant_single_labels|register
- Contact BBDC at 867.979.1303 to request an application form.
- Fill out the application form with details of the proposed project.
- Submit the completed application form to BBDC for review.
- Wait for approval or feedback from BBDC regarding the application.
grant_single_labels|contact
867-979-1303
Apply to this program
