Business loans in Yukon
Whitehorse, Dawson City and the highway communities: Yukon businesses in mining services, tourism and construction face short seasons and long distances.
No fee and no credit pull to start. Most applicants hear from us the same business day, often within minutes.
Where we work in Yukon
- Whitehorse, Dawson City, Watson Lake and Haines Junction and smaller towns too
Local economy
How Yukon businesses earn
Yukon's economy is small, northern and shaped by its landscape. Whitehorse holds most of the population and is the centre for government, retail and services. Mining has driven the territory since the Klondike Gold Rush, and placer gold operations around Dawson City still work the creeks each summer, alongside hard-rock exploration. Tourism brings visitors for the Alaska Highway, the Klondike, northern lights and wilderness travel. Construction, trucking and trades serve a territory where distances are long, the building season is short and many supplies travel up from the south. First Nations development corporations are important partners in many projects.
How sales tax shows up in your file
Yukon has no territorial sales tax: businesses charge only the federal GST at 5%, administered by the CRA.
What fits
Funding that fits Yukon businesses
- Equipment financing for mining-service, construction and transport equipment.
- Lines of credit for tourism businesses between seasons.
- Invoice factoring for contractors billing mines and governments.
Local industries
- Construction (all trades): Yukon contractors pack a year's work into a short building season. A line of credit covers materials and crews early, and equipment financing spreads the cost of heavy machinery.
- Trucking: Carriers on the Alaska Highway and mine routes face long runs and slow-paying customers. Invoice factoring turns delivered loads into cash between payments.
- Hotels & motels: Lodges in Whitehorse and Dawson City rely on summer and aurora seasons. Working capital or renovation financing can be timed around those peaks.
Paperwork
What to have on file
- Business registered with Yukon Corporate Affairs (or federally incorporated)
- Yukon Workers' Safety and Compensation Board coverage if required
- GST account in good standing with the CRA
Public help
Local public resources for Yukon owners
- CanNor (Canadian Northern Economic Development Agency): the federal development agency for Yukon, the Northwest Territories and Nunavut.
- Yukon Workers' Safety and Compensation Board: the territorial workers' compensation board, where employers register and get clearances.
- CSBFP: government-backed loans through participating banks and credit unions.
No affiliation implied.
FAQ
Yukon business funding questions
Does Yukon charge a territorial sales tax?
No. Yukon businesses remit only GST to the CRA. Lenders mainly check that GST and payroll source deductions are current. If you have arrears or a payment arrangement, mention it early. Being upfront usually saves time.
I run a placer mining operation. Can I apply?
Yes. Placer operations earn mostly in summer, so lenders will see that pattern in the most recent six months of business bank statements. Equipment financing for machinery is a common fit, and explaining the season helps.
Is a business outside Whitehorse at a disadvantage?
No. Businesses in Dawson City, Watson Lake or Haines Junction apply the same way. Lenders look at deposits, time in business and credit rather than the community. Keep business and personal banking separate, and have six months of statements ready.
Will I need a clearance from the Workers' Safety and Compensation Board?
Contractors are often asked to show their account with the Yukon Workers' Safety and Compensation Board is in good standing. Customers commonly require that before paying invoices, so keeping it current helps with lenders too.
How it works: a two-minute application, we compare lenders for you, you choose. Minimums across our network*: 1 year, $20,000 monthly deposits, 500 credit. How it works. *Not guaranteed.
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