NORTIP Development Corporation
Plum Point, NL
Company Overview
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 $125, 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 HRDC'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 and Counselling Program is delivered by Nortip in this region. This program provides a youth with up to $15, 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.
Company Information
Physical Address
1 Main St., P. O. Box 140
Plum Point, NL A0K 4A0
CA
Mailing Address
P. O. Box 140
Plum Point, NL A0K 4A0
CA
Additional Details
Legal Name: NORTIP Development Corporation
Number of Employees: 5
CA
Contacts
Services
- Financial Assistance, Counselling, And Business Planning.
NAICS Categories
Additional Information
541720, 813 -, 813910
R000-Professional, Administrative and Management Support Services