Newfoundland and Labrador – Mary's Harbour – Plum Point
Corporation
www.nortip.cbdc.ca
Newfoundland and Labrador
Mary's Harbour
Plum Point
Corporation
active
Operating name: Cbdc Nortip
NORTIP is a Community Business Development Corporation
sponsored by ACOA. We service a region in Newfoundland from
Norris Point, north to the tip of the Northern Peninsula. This
represents an of nearly 400km by 100km.
NORTIP provides assistance to small businesses through repayable,
patient loans of up to $150,000. We provide counselling services
to our clients at no charge. On staff are individuals who have
skills in the major functional areas of businesses. These people
are highly qualified to provide advice and technical assistance.
The service we provide is molded to meet the needs of each
client. Many financial institutions set strict rules that must
be followed. If one of your clients need help on the weekend,
then we try to accomodate that person. We provide support for
bookkeeping and business planning, including marketing. Some of
these services have a fee, depending on the amount of time
required to render the assistance.
Clients planning to apply to ACOA can request that we help
prepare their business plan. ACOA will pay for this service.
NORTIP is this regions delivery agent for Service Canada's Self-Employment Benefit program. Through this program. an eligible individual who is unemployed can receive a living supplement for one year, that person will also be eligible for training and counselling services.
A program provided by ACOA, the SEED Capital Program is delivered by Nortip in this region. This program provides a youth with up to $20,000 in equity funds to invest into his/her venture. The funds are repayable. The terms are set according to the client's needs. The loan has a maximum term of seven years at prime plus two percent.
NORTIP is also a Canada Business Service Centre. We have
resources available for business persons to utilize in conducting
research and planning their venture. This service is free.
Country of Ownership: Canada
Year Established: 1992
Exporting: No
Primary Industry (NAICS): 913910 - Other Local, Municipal and Regional Public Administration
Alternate Industries (NAICS): 541720 - Research and Development in the Social Sciences and Humanities
561430 - Business Service Centres
813910 - Business Associations
Primary Business Activity: Services
Total Sales ($CDN): $200,000 to $499,999
Number of Employees: 5
Services:
Financial assistance, counselling, and business planning.
May Richard
Randell Tony
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Profile ID: LFCA-COD-O-7571