Are you looking for help financing your business, but having difficulty covering the expenses through conventional financing channels? There are several regional funding resources at your disposal to aid your business. These development programs aim to help businesses and create jobs to help the local economy. We, here at Mentor Works, have outlined a few…
To provide a more productive, diversified and competitive economy in Southern Ontario, FEDDEV Ontario has allocated $210 million to this new program called the Prosperity Initiative
Export Development Canada in partnership with Mercantile Finance Services Ltd., can provide unsecured loans of up to $50,000 for a two year term to support Canadian companies with export business development goals. My clients have enjoyed these funds to assist them with increase production capacity for exporting, attending trade shows or new marketing efforts for…
The Canada Small Business Financing Program seeks to increase the availability of loans for establishing, expanding, modernizing and improving small businesses. Under the program, a small business must apply for a loan at a financial institution (bank or credit union) of its choice. If the loan is granted by the financial institution, the federal government…
The second Intake of CAF provides support to SME’s in Southern Ontario through a federal loan mechanism, at zero percent for 10 years. Community Adjustment Fund will prioritize manufacturing communities that depend on a single industry and has a population of less than $250,000, and supports economic recovery and job creation. The focus is on…
The Canadian Youth Business Foundation (CYBF) is a national charity providing start-up mentoring, financing and business resources to help young Canadians between the ages of 18 and 34 years of age. Business start-up loans of up to $15,000 are available, with loan repayment schedules of between three and five years. Initiative Updated: $10 million of…