Open
Community Futures Program Northwest Territories
Northwest Territories business loans and counselling
Offered by Official source: iti.gov.nt.ca
Northwest Territories Community Futures Association (NWTCFA)
Record updated
- Funding available
- $ 200,000
- Deadline
- Open continuously
- Location
- Northwest Territories, Nunavut, Yukon, Canada
Overview
Get a loan or guarantee of up to $200,000, wage subsidies, as well as access to business counselling services, to start or expand a business.
At a glance
Funding available
- Maximum funding
- $200,000
- Develop an online presence
- Access new markets
- Start a business
- Launch or market a product/service
Eligible candidates
- Location
- Northwest Territories, Nunavut, Yukon
- Eligible Industries
- All industries
- Annual revenue
- All revenue ranges
- Organisation size
- All organization sizes
- Audience
- Rural or Northern Residents
- Startups
- Legal structures
- For-profit business, Sole proprietorship
Start applying for this program
Take a practical assessment to gain a clear understanding of how well this program aligns with your specific needs and long-term goals.
Availability timeline
2026
Periods: 1
Eligibility
Who is eligible?
- Businesses in the Dehcho region.
- All types of businesses.
Who is not eligible
Some types of companies may not be eligible for the Community Futures Program grant. Certain industries or businesses that do not align with the economic development goals of the program may be ineligible.
- Businesses involved in illegal activities
- Speculative ventures
- Non-commercial ventures
Eligible expenses
The Community Futures Program is designed to encourage local economic development through a range of supportive services. Eligible activities under this program primarily revolve around providing financial aid and guidance to new and expanding businesses.
- Offering business loans and loan guarantees.
- Providing counseling and assistance for entrepreneurs.
- Administering wage subsidies to support new business initiatives by the unemployed.
- Facilitating access to Canada Business NWT Internet sites and business information services.
Eligible geographic areas
- Dehcho region, Northwest Territories.
- Wrigley, Fort Simpson, Jean Marie River, Nahanni Butte, Sambaa K’e, and Fort Liard.
Activities funded
The Community Futures Program supports various economic initiatives aimed at helping entrepreneurs and businesses in the Northwest Territories. The focus is on providing financial and advisory support to foster business growth and development.
- Provision of business loans and loan guarantees for entrepreneurs.
- Business counseling services for individuals starting or expanding a business.
- Wage subsidies for unemployed individuals starting a new business.
- Access to Canada Business NWT Internet sites and business information services.
How to apply
- Step 1: Obtain the application form
- Get the form at the Fort Simpson office or online.
- Step 2: Complete the application
- Provide the required business and ownership information.
- Describe the proposal and financing request.
- Include references and collateral details.
- Step 3: Submit the application
- Send the completed application to the Dehcho Business Development Centre.
Documents Needed
- Application for Financial Assistance form
- Business plan
- Personal net worth statement
Selection criteria
- Credit history.
- Purpose of the loan application.
- Collateral offered.
- Business idea.
- Impact on the community and region.
Processing and Agreement
- Applications under $5,000 may be evaluated by staff.
- Applications over $5,000 are reviewed by an Investment Review Committee.
- The committee makes the final approval decision.
Additional information
Here are additional relevant details for this grant:
- The program is delivered through Community Futures Development Corporations which are independent non-profit organizations.
- These organizations are overseen by volunteer Boards of Directors representing their regions and communities.
- Annual funding is sourced from contributions by the Government of the Northwest Territories.
- Contact regional offices for information specific to your community.
- There is an Association representing the seven organizations delivering the programs in NWT.
Contacts
Official sources
Frequently Asked Questions about the Community Futures Program Northwest Territories Program
What is the Community Futures Program Northwest Territories?
Get a loan or guarantee of up to $200,000, wage subsidies, as well as access to business counselling services, to start or expand a business.
How much funding can be received?
Community Futures Program Northwest Territories Funds up to $200,000 of admissible expenses.
What is the deadline to apply?
The program is accepting continuous intake
Who is eligible for the Community Futures Program Northwest Territories program?
To be eligible for the Community Futures Program Northwest Territories program, you must:
Access to the program is available to all 33 communities within the Northwest Territories.
Services are provided by Community Futures Development Corporations.
What expenses are eligible under Community Futures Program Northwest Territories?
The Community Futures Program is designed to encourage local economic development through a range of supportive services. Eligible activities under this program primarily revolve around providing financial aid and guidance to new and expanding businesses.
Offering business loans and loan guarantees.
Providing counseling and assistance for entrepreneurs.
Administering wage subsidies to support new business initiatives by the unemployed.
Facilitating access to Canada Business NWT Internet sites and business information services.
Who can I contact for more information about the Community Futures Program Northwest Territories?
You can contact Northwest Territories Community Futures Association (NWTCFA) or by phone at 867-587-7171.
Where is the Community Futures Program Northwest Territories available?
The Community Futures Program Northwest Territories program is available the province of Northwest Territories, Nunavut, Yukon.