Apply to have the government guarantee part of your business loan from a financial institution

The Yukon Venture Loan Guarantee Program is a partnership between the Government of Yukon and participating financial institutions. This program encourages commercial lenders to invest in local businesses by guaranteeing a portion of the loan.

Eligibility

  • New business start-ups; or
  • Expansions of businesses in Yukon that have less than $5 million in gross revenue and less than 100 employees.
  • Eligible businesses must be registered in Yukon and pay Yukon corporate taxes.

How much can I borrow?

  • Minimum guarantee: $10,000
  • Maximum guarantee: $100,000
  • Guarantee level is 65% of a venture loan, principal only, and based on the net loss of the venture loan. For example, a loan guarantee for $65,000 would support a $100,000 loan.
  • There is a one-time fee of 1.5% of the guarantee amount, payable when the guarantee is issued.

What is the repayment term?

The repayment term is a maximum of 6 years.

How do I apply?

  1. Find out if your project qualifies. Email ecdev@gov.yk.ca or phone 867-667-5633 or toll-free in Yukon 1-800-661-0408, ext. 5633.
  2. Visit a participating financial institution for more information and to apply.
  3. Submit your application to the financial institution.

This program is delivered by participating financial institutions.