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Sources of Financing

1. Federal Government

Canadian Northern Economic Development Agency (CanNor),

2. Nunavut Community Futures Association


Baffin Business Development Corporation (BBDC)
PO Box 1480, Iqaluit, NU X0A 0H0
(867) 979-1303 phone / 979-1508 fax /
*serves the Baffin region of Nunavut

Kivalliq Business Development Centre (KBDC)
PO Box 328, Rankin Inlet, NU X0C 0G0
(867) 645-2126 phone / (867) 645-2567 fax 
*serves the Kivalliq region of Nunavut

Kitikmeot Community Futures Inc. (KCFI)
PO Box 1331, Cambridge Bay, NU X0B 0C0
(867) 983-7383 phone / 983-7380 fax /
*serves the Kitikmeot region of Nunavut

3. Regional Inuit Economic Development Agencies

Kakivak Association (Baffin Region)
Box 1419, Iqaluit, NU X0A 0H0
Phone 867-979-0911 /

Kivalliq Inuit Association - KIA (Kivalliq Region)
Box 340, Rankin Inlet, NU X0C 0G0
Phone 867-645-5725 /

Kitikmeot Inuit Association” – KIA (Kitikmeot Region)

Nunavut Community Economic Development Association (NCEDA)
Phone 1-800-561-0911 

4. Territorial Government

Department of Economic Development & Transportation (ED&T)
Phone 1-888-975-5999 /

Nunavut Business Credit Corporation (NBCC)
Iqaluit, NU Phone 1-888-758-0038 /
Helps individuals and businesses to take advantage of business opportunities through financial services including short and long term loans, contract security, equity positions and loan guarantees. 

Nunavut Development Corporation (NDC)
Box 249, Rankin Inlet, NU X0C 0G0
Phone 1-866-645-3170 /
A corporation of the Nunavut Government mandated to create employment and income opportunities for residents of Nunavut, stimulate the growth of businesses and promote economic diversification.  NDC focuses on value added exportable products that utilize the unique talents and resources of Nunavut, specifically businesses in the arts and crafts, and meat and fish sectors.

5. Chartered Banks

First Nations Bank –
Royal Bank –

6. Other

CAPE FUND: CAPE Fund is a $50 million private-sector investment fund initiated by 21 of Canada’s leading companies, individuals and US based Foundations. CAPE Fund will be focused on mid-market opportunities with a strong degree of Aboriginal involvement and connection to Aboriginal communities throughout Canada. Its mission will require that it act with the same rigour, discipline and best practices with regards to the application of its investment guidelines, processes, and corporate governance standards applied in the private sector.

Business Development Bank of Canada: A financial institution owned by the Government of Canada, BDC has been serving Canadian entrepreneurs for more than 65 years. They offer both loans and investments.