DDC knows it can be hard to get regular banks to lend money to businesses in Teslin. DDC can help you find alternative finance options for your business. Whatever your need, be it small or complicated, please contact us at 867-390-2310 to learn more.
We pay for DNV to visit Teslin regularly to offer their suite of loan and grant programs including micro-loans and 2 others specifically targeted at Yukon First Nation citizens:
Entrepreneurship and Business Development Fund – grants of up to $99,999 for 35% of the capital cost of your business and a further 50% as a loan.
Yukon First Nations Implementation Fund Trust – investments between $5,000 and $100,000.
We strongly encourage all businesses seeking financing in Teslin to contact DNV as your first step. Contact DNV directly at 867-668-6925 or contact us and we will make sure to let you know when they will next be visiting to make an appointment.
BDC offers many loan and venture capital funds to entrepreneurs including for business acquisitions and businesses involving real estate, including
Indigenous Entrepreneur Loan for which Yukon First Nation citizens can be eligible for a loan of up to $350,000.
Futurpreneur offers loans of up to $60,000 to young entrepreneurs aged 18-39.
DDC is looking at the possibility of a local business grant and/or loan fund to supplement these sources and better enable Teslin residents with limited money to access them.
If access to financing is a barrier to starting or growing your business we would very much like to speak with you – please contact us at 867-390-2310.