Kivalliq Business Development Centre

Access to financing can be one of the biggest barriers for entrepreneurs in Nunavut, especially in smaller communities where traditional bank lending isn’t always an option. The Kivalliq Business Development Centre offers practical, community-focused financial support for startups and small to medium-sized businesses across the Kivalliq region, including communities such as Rankin Inlet, Arviat, Baker Lake, and Coral Harbour. Rather than focusing solely on profits, the program looks at how a business can contribute to local economic development while building long-term sustainability.

Through the Kivalliq Business Development Centre, eligible businesses can access repayable funding of up to roughly $150,000 to support a range of needs, from launching a new venture to strengthening an existing operation. Financing may be used for term loans, startup and capital costs, inventory purchases, bid bonds or guarantees, and even flexible credit options. What sets this program apart is that funding is paired with hands-on business counselling, technical guidance, and ongoing monitoring, helping entrepreneurs strengthen their planning, management skills, and overall business performance.

This support is particularly valuable for businesses that may not qualify for conventional financing but still have strong potential and community impact. For Nunavut entrepreneurs looking for both capital and guidance, learning more about how this program works could be an important next step in building a successful local business.