The BDIC lends to businesses that are unable to obtain financing elsewhere.

The BDIC's rates are based on the borrower's risk. Repayment terms are flexible to meet the needs of the borrower.

BDIC INTEREST RATE REDUCTION (Loan Initiative) NEW

As a BDIC client who is not in arrears, you can early renew your loan at the BDIC‘s lowest interest rate. Early renewals under this initiative must be requested by March 31, 2010 and will last until May 31, 2011. If your BDIC loan is in arrears, you must bring your payments up to date by March 31, 2010, to apply for this offer.

BDIC WINTER/SUMMER RE-SUPPLY FINANCING NEW

If your business is located in a community with no all-season access, you can apply for a short-term loan that will allow you to take advantage of the most cost-effective way to re-supply your inventory (by winter road or summer barge). Businesses re-pay the loan within one year.

BDIC SEASONAL PRODUCTION FINANCING (Loan Feature) NEW

Are you an artist, craft-maker or harvester who needs to buy supplies so you can make or harvest products to sell? The BDIC can provide you with a loan up to a maximum of $25,000 to assist you with your purchasing needs. Businesses re-pay the loan within one year.

BDIC VARIABLE INTEREST RATE FINANCING NEW

If you do not want to lock-in your interest rate, you can choose the BDIC‘s variable interest rate financing option for your loan. A variable interest rate fluctuates with the BDIC Prime Rate for the term of your loan. Variable rates will be quoted as Prime + 2%, 3% or 4% based on the risks involved. Variable rate loans can be converted to fixed at anytime you choose; however, fixed rate loans may only be converted to variable on the renewal date.

For more information on the BDIC’s financial programs, please contact your regional Industry, Tourism and Investment office at:

REGIONAL CONTACTS

Inuvik Region

Sahtu Region

Dehcho Region

North Slave Region

South Slave Region