Services

We support small- to medium-sized Aboriginal and non-Aboriginal businesses in the NWT with funding, strategic advice and ongoing administrative and financial service support.

  • Irrevocable Letters of Credit/Loan Guarantees – Guarantees made by the MDDF on a business’s behalf, often on larger projects for clients such as the Government of the Northwest Territories, in lieu of bonding.
  • Term Loans – Money for a start-up or expansion, paid back over a specific length of time at a specific interest rate.
  • Working Capital Loans/Lines of Credit – Money to cover daily operating costs until accounts receivable are paid.
  • Entrepreneurship and Business Development Fund (EBD) – A CanNor contribution administered by MDDF, EBD funding can be paired with other financing to help Indigenous businesses with expansion, capital acquisition and marketing and planning.

Who’s Eligible for EBD?

  • Majority-owned and controlled Indigenous businesses.
  • Community-owned businesses (usually through the band’s development corporation).
  • Privately owned Indigenous companies may qualify for up to $99,999, depending on overall project costs.
  • Community owned businesses may qualify for up to $249,999, depending on overall project costs.

EBD can be used for:

  • Purchasing equipment
  • Starting a business
  • Buying a business
  • Business expansion
  • Market development and promotion — including promotion, trade shows, trade missions forums, seminars and conferences.

Contributions Towards Business Planning/Feasibility Studies

MDDF will provide EBD for 75% of the costs with the client picking up the remaining 25% as their “equity” portion in the project.

Business Support Services

GL Services LTD. (a wholly owned subsidiary of MDDF), provides a comprehensive range of administrative support.

  • Not-for-profit and Small Business Accounting
  • Accounting System Installation and Set-up
  • T1 Personal Tax Returns
  • T2 Corporate Tax Returns
  • Business Financial Consulting and Plans
  • Year End Preparation
  • Cost/Project/Fund Accounting
  • Payroll and Payroll Remittance
  • Notice to Reader Financial Statements