Online Application for Financing

Atuqtuarvik Corporation was created to improve the access of eligible businesses to various sources of commercial financing. As a result, if an application is submitted to Atuqtuarvik Corporation for financing, applicants will also be expected to maximize opportunities to secure commercial financing from other sources.

Eligible projects must be commercially viable, Nunavut-based and create benefits for Inuit in the areas of jobs, training and social improvements.

INSTRUCTIONS: All questions must be completed. If a question is not applicable to your project, indicate N/A. Use attachments as necessary.

Required fields are marked with a *
A. Introduction
3. Contact Information:
6. Ownership:
% of ownership
% of ownership
 NameAddressTelephone
Bank
Bookkeeper/Accountant
Legal Advisor
Business Advisor
B. The Project:
C. Financial Requirements:

NOTES:

  • Proof of commitment from other sources must be attached.
  • Equity, in the form of cash or other equity must consist of at least 10% of the 'Total Project Funding Costs' as noted above.
1. Applicant's investment (equity):
Funds required for:
$
$
$
$
$
$
$
$
Sources of funds:
$
$
$
 SourceAmount
1
2
3
4
5
6

D. REQUIRED DOCUMENTS FOR SUBMISSION:

Please submit the following with your business plan:

  1. A comprehensive business plan
  2. Historical financial statements (3 years)
  3. Projected financial statements (3 years)
  4. Resumes of key staff
  5. Ownership structure
  6. Verification of Inuit Firm Status
  7. Administrative documents – business license, proof of insurance, WCB coverage, certificate of compliance

E. EVALUATION PROCESS:

Upon receipt of the application information and all supporting documentation, the Account manager will complete the necessary due diligence in order to make a recommendation to the Board of Directors. Once the application has been decided upon by the Board, the applicant will be advised immediately on the outcome.

For further information, please refer to the Atuqtuarvik Corporation website at www.atuqtuarvik.com, or contact the office via phone 867-645-5900 or email Charlene Lowe, Chief Investment Officer at clowe@atuqtuarvik.com.

F. DECLARATION OF APPLICANT(S)

I/we certify that to the best of my/our knowledge and ability:

  1. At least 51% of the owner-operators of the proposed business operation are Inuit beneficiaries of Nunavut and are ordinarily residents in Nunavut;
  2. That the head office is/will be located in Nunavut;
  3. That the business is, or will be, registered on the Nunavut Tunngavik Inc. (NTI) Inuit Firm Registry under Artcile 24 of the Nunavut Land Claims Agreement (NLCA); and
  4. The information contained in this application is true and correct.

I/we hereby grant authorization to Atuqtuarvik Corporation or its designate to investigate and discuss this application with such persons as may be necessary, to obtain such credit and personal information as may be appropriate for the evaluation of this application.

I/we agree that Atuqtuarvik Corporation may also give to, receive from, and share and exchange with others, including credit bureaus, and persons with whom i/we have or may have financial dealings, credit and other information about me/us.

I/we understand that:

  1. Atuqtuarvik Corporation will lend money only to the percentage of the proposed project that is equal to the Inuit ownership;
  2. I/we will be responsible for payment of all charges relative to the preparation and presentation of information requested in the application;
  3. I/we agree that Atuqtuarvik Corporation loans are not assumable by any purchaser of the business;
  4. I/we have agreed to all the terms and conditions of the Atuqtuarvik Corporation Loan Program; and
  5. I/we understand that information, including personal information, collected under this program is considered confidential and I/we agree to the following uses and disclosures:
  6. I/we agree that my/our information will be accessible to Atuqtuarvik Corporation and designates for the purposes of administering the Atuqtuarvik Corporation Loan.
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