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Learn where to obtain financing, how loans work & what grants are available
Access to capital can be a significant barrier for the new and expanding business owner. There are many traditional and alternative financing options for entrepreneurs available throughout Middlesex County and Southwestern Ontario that may be of assistance to you.
Futurpreneur Canada, in partnership with the Business Development Bank of Canada offers up to $45,000 in character based start-up financing for youth up to 29 years of age. Visit www.futurpreneur.ca or call 1-800-464-2923
The Business Help Centre of Middlesex County specializes in providing term loans up to $250,000 to small businesses that have been unable to find financing elsewhere on reasonable terms or conditions. A business plan is required as is adequate security and a demonstrated ability to repay the loan. For more information, visit www.thebusinesshelpcentre.ca.
The Southern Ontario Fund for Investment in Innovation offers small business owners loans from $150,000 to $500,000 to develop innovation in rural and urban communities. More information can be found here SOFII. Farm Credit Canada offers rural entrepreneurs financing to support farming and farm related business ventures. More information on Farm Credit Canada can be found at https://www.fcc-fac.ca/en/about-fcc.html
The Business Development Bank of Canada (BDC) offers many supports to entrepreneurs throughout Ontario including business loans from $50,000 and above. You can find out more information about BDC financing and all their business supports here http://www.bdc.ca/EN/financing/Pages/default.aspx