The business must be owned or 51 per cent controlled by people who meet the above criteria. Helps businesses access funding from commercial lenders. Business Development Bank of Canada Programs assist with financial services, venture capital and venture financing. All existing or expanding businesses. Term loans for expansion, replenishing working capital, bridge financing, also loans for companies to attract venture capitalists.
Any Northern business is eligible.
Consultants assist with planning, training, computerization, accounting systems and production techniques. Assists rural communities in diversification or adjustment to economic conditions. Businesses that are Northern owned or operated, or have a bona fide Northern office, receive preference in bidding for government contracts. Provides information on government programming, assistance, market information and business planning. A market garden or greenhouse operator must produce, harvest and sell all fruits and vegetables locally to qualify for funding.