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ACCFutures — ACC Term
ON, Canada
Supports unique entrepreneurial growth in Akwesasne and Cornwall
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- ACCFutures
grant_single|status
grant_card_status|open
grant_single_labels|preview
The ACCFutures — ACC Term grant offers funding up to $300,000, designed to foster entrepreneurship in Akwesasne, Cornwall, and the united counties of Stormont, Dundas, and Glengarry. Eligible activities include business expansion, renovations, equipment purchases, facility acquisitions, working capital establishment, and debt refinancing.
grant_single_labels|terms_and_conditions
- The ACCTerm Loan offers amounts ranging from $20,000 to $300,000.
- The loan has a maximum term of five (5) years.
- There is a maximum amortization period of twenty (20) years.
- The loan can be utilized for purposes such as expansion, renovations, equipment purchase, facility acquisition, working capital establishment, or debt refinancing.
- There is a credit application fee amounting to 1% of the loan, with a minimum of $250.
- A minimum credit score of 550 is required.
grant_single_labels|admissibility
- The business must be registered in the jurisdiction of ACCFutures, which includes Akwesasne, Cornwall, or the counties of Stormont, Dundas, and Glengarry.
- The business must not engage in commercial exploitation of sex, religion, politics, or illegal activities.
- The business must demonstrate commercial viability.
- The business must show the ability to repay the funds advanced through the loan or capital contribution.
- The business must have the potential to create new jobs or maintain existing jobs in the jurisdiction of ACCFutures.
- No board member of ACCFutures is eligible to receive financial assistance.
- No staff member of ACCFutures is eligible to receive financial assistance.
- Applicants in an unresolved bankruptcy situation are ineligible for financial assistance.
- Applicants who have declared bankruptcy twice or more are ineligible for financial assistance.
- A minimum credit score of 550 is required.
grant_eligibility_criteria|who_can_apply
To qualify for the ACCFutures ACC Term grant, businesses must be registered within the jurisdiction of ACCFutures, which includes Akwesasne, Cornwall, and the united counties of Stormont, Dundas, and Glengarry. There are no sector-specific restrictions for eligibility, but the business must demonstrate commercial viability, the ability to repay funds, and the potential to create or maintain jobs within the eligible areas. Additionally, companies involved must ensure they are not associated with commercial exploitation of sex, religion, politics, or illegal activities. The business should not involve any board member or ACCFutures staff member in receiving financial aid, should not be under unresolved bankruptcy, and applicants must have a minimum credit score of 550. There is also a credit application fee amounting to 1% of the loan, with a minimum of $250.
grant_eligibility_criteria|who_cannot_apply
- Companies involved in the commercial exploitation of sex, religion, or politics.
- Businesses involved in illegal activities.
- Any business where a member of the board of directors seeks financial assistance.
- Companies where a member of the ACCFutures staff seeks financial assistance.
- Applicants in a state of unrehabilitated bankruptcy.
- Applicants who have declared bankruptcy two or more times.
grant_eligibility_criteria|eligible_expenses
- Expansion of the business.
- Renovations to existing facilities.
- Purchase of equipment.
- Acquisition of facilities.
- Establishment of working capital.
- Refinancing of existing debt.
grant_eligibility_criteria|zone
- Akwesasne
- Cornwall
- Stormont, Dundas, and Glengarry counties
grant_single_labels|register
- Step 1: Determine Eligibility
- Ensure your business is registered in the territory of ACCFutures, covering Akwesasne, Cornwall, or the Counties of Stormont, Dundas, and Glengarry.
- Verify that your business activities are not prohibited by the funding guidelines.
- Confirm that your business demonstrates commercial viability and repayment capacity.
- Step 2: Initial Inquiry
- Contact ACCFutures to inquire and gather any preliminary information needed.
- Reach out through their provided contact details: 613-932-4333 or hello@accfutures.ca.
- Step 3: Gather Required Documentation
- Prepare all necessary documents, including proof of business registration and financial statements.
- Ensure your business plan highlights job creation or maintenance.
- Step 4: Complete Application Form
- Fill out the application form provided by ACCFutures.
- Include detailed financial and business plans as part of your submission.
- Step 5: Submission
- Submit the completed application form and all accompanying documents to ACCFutures.
- Ensure all information is accurate and complete before submission.
- Step 6: Pay Application Fee
- Pay the credit application fee, which is 1% of the loan amount (minimum $250).
grant_single_labels|otherInfo
- The loan has a maximum term of five (5) years with an amortization period of up to twenty (20) years.
- A minimum credit score of 550 is required for eligibility.
- An application fee is charged, amounting to 1% of the loan, with a minimum of $250.
grant_single_labels|contact
hello@accfutures.ca
613-932-4333
