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Program Criteria
To qualify for potential assistance from Nickel Basin, you must meet the following criteria:
- Employment creation and/or maintenance of existing jobs
- The business must be located within our geographical jurisdiction. If you choose to move your business outside our jurisdiction after financing has been extended, you may be required to pay out your loan
- Reasonable personal financial investment (the minimum investment required is 10%, and may be higher, based on the amount of intangible costs related to your project)
- Acceptable credit records for the business and principals
- Real or perceived future economic viability of the business, with the ability to repay the Nickel Basin loan, loans from other financial institutions, and maintain its operational commitments current
- Sufficiently competent management and/or management team to successfully manage the business
- Adequate security for the venture (i.e. property, assets, personal guarantee(s), third party guarantee(s), etc.


