Other Funding & Support



Other Funding & Support

Other Ways We Can Help Your Business

There are a whole host of alternative organizations that offer funding to people looking to start a business or expand on an existing one.

We’ve included a list of possible business funding and support sources for entrepreneurs interested in starting a new business or expanding an existing business. For more information or assistance in researching funding options, contact the NunatuKavut Business Centre at (709) 896 5722 ext. 210.

Advanced Education and Skills
Government of Newfoundland & Labrador

Advanced Education and Skills provides a variety of wage subsidies to hire new staff, a self employment benefit program, as well as labour market information and human resource counselling.
163 Hamilton River Road, Happy Valley-Goose Bay, NL
Toll-free: 1-888-773-9311
TTY: 1-866-443-4046

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Atlantic Canada Opportunities Agency (ACOA)

ACOA works with its many partners to help entrepreneurs in Atlantic Canada access the capital they need to start-up or expand a business. ACOA also coordinates programs designed to stimulate the development and commercialization of new technologies and the climate for business growth in the region.
For more information visit the website above or contact the ACOA Labrador Office:
2 Hillcrest Road, P. O. Box 430, Station C
Happy Valley-Goose Bay, NL A0P 1C0
Phone: (709) 896-2648
Fax: (709) 896-2900
Toll-Free: 1-800-668-1010

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BizPal Newfoundland & Labrador

Are you starting a business, but don’t know what licences and permits are required? If so, this site is a great place to start. Answer a short series of questions about your current or proposed business to create a customized list of the permits and licences you may need from all levels of government. You may also save or print your results for future reference.

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Department of Tourism, Culture, Industry and Innovation (TCII)
Government of Newfoundland & Labrador

The Government of Newfoundland and Labrador offers many programs and services to entrepreneurs. A list of such programs as the Small & Medium-sized Enterprise Fund, for example can be found at the website above.

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Business Development Bank of Canada

An account manger from BDC will work with you to find a complete financial solution for your long-term success. BDC looks at your whole project & its viability, your management team, and your company’s financial strength, commitment, and future prospects. This allows BDC to be more flexible, take greater risks, and to help an increasing number of innovative Canadian businesses prosper in today’s global economy. For information regarding their specific programs and services, visit their website. Their address is:

Business Development Bank of Canada
4 Herald Ave. 1st Floor, Fortis Tower, Corner Brook, NL A2H 4B4
Phone: (709) 637-4302
Fax: (709) 638-4522

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Community Business Development Corporations (CBDC)

CBDC offers financial assistance in the form of loans, loan guarantees and equity financing to existing and aspiring entrepreneurs, women wanted to start or expand a business, youth wishing to start an enterprise and entrepreneurs wishing to commercialize or adopt new technologies. Business counseling and skills training is also available.
For more information, contact the CBDC Labrador Office:
2 Hillcrest Road, P.O. Box 1089, STN B, Happy Valley-Goose Bay, NL A0P 1E0
Phone: (709) 896-5814
Fax: (709) 896-4333

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Service Canada

Service Canada offers a variety of programs and services to entrepreneurs of all ages. These programs include Self Employment Benefits, Targeted Wage Subsidies, Job Creation Partnerships and Canada Summer Jobs to name a few. Fore more information, visit the Service Canada website listed above, or contact the Labrador Office at:
23 Broomfield Street, Happy Valley-Goose Bay, NL A0P1E0
Phone: (709) 896-3323
Fax: (709) 896-5566

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Ulnooweg Development Group Inc.

Ulnooweg Development Group Inc. offers a variety business loans with a wide range of interest rates and repayment terms. You may apply for one or a combination of the different Ulnooweg loans, up to a maximum of $250,000. For more information, visit the Ulnooweg website or contact Ulnooweg’s Stephenville office:
P.O. Box 20007
Town Centre Post Office
90 Main Street
Stephenville, NL
A2N 3R8
Phone: (709) 643-5005
Fax: (709) 643-5006

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