At a glance
Who it may support
NWT commercial renewable-resource harvesters and small businesses
Indigenous eligibility
Not Indigenous-exclusive; relevant to Indigenous traditional-economy entrepreneurs
Eligible uses
Tools/equipment for traditional economy, prospecting supplies and other self-employment costs
Business stage
Microbusiness/self-employment
What to prepare
Application form; Indigenous identity/ownership evidence; business plan; project budget and quotes; 2–3 year financial statements or opening balance sheet; 12–24 month cash-flow forecast; personal net-worth statement for owners/guarantors; incorporation/registration documents; ownership chart; résumés; financing confirmations; permits/leases as applicable
Application process
Confirm fit with program officer; complete intake/application; submit documents and financing plan; respond to due diligence; receive approval/conditions; sign agreement; claim/disburse funds and report
Financial considerations
Owner equity: 30% Level 1; 20% Level 2; sweat equity may count
Collateral and credit: N/A; eligibility/project review
Stacking: Usually permitted subject to total government-assistance limits; disclose all sources