
- Open continuously
Overview
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.
At a glance
Funding available
- Renovate or expand facilities
- Maximum amount : 300,000 $
- Minimum amount : 20,000 $
- Open continuously
Eligible candidates
- All industries
- Ontario
- For-profit business
- Sole proprietorship
- Social economy enterprise
- Non-financial cooperative
- All revenue ranges
- All organization sizes
- All groups
Next steps
Eligibility
Who is eligible?
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.
Who is not eligible
- 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.
Eligible expenses
- Expansion of the business.
- Renovations to existing facilities.
- Purchase of equipment.
- Acquisition of facilities.
- Establishment of working capital.
- Refinancing of existing debt.
Eligible geographic areas
- Akwesasne
- Cornwall
- Stormont, Dundas, and Glengarry counties
Additional information
- 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.
Contacts
Frequently Asked Questions about the ACCFutures — ACC Term Program
What is the ACCFutures — ACC Term?
How much funding can be received?
Who is eligible for the ACCFutures — ACC Term program?
Who can I contact for more information about the ACCFutures — ACC Term?
Where is the ACCFutures — ACC Term available?
Is the ACCFutures — ACC Term a grant, loan, or tax credit?
Who are the financial supporters of the ACCFutures — ACC Term?
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