Economic Development

Economic Development

Yukon Venture Loan Guarantee Program

What is the Yukon Venture Loan Guarantee Program?

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

Who is eligible?

  • 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, principle 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. Contact Business Industry and Development to find out which financial institutions are participating.
  2. Visit one of the participating financial institutions for more information and to apply.
  3. Submit application to the financial institution.

Note: This program is delivered by participating financial institutions. Participants do not need to contact the Government of Yukon to use this program.