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Community Futures Program - ON - Canada

Community Futures Program

Last Update: July 22, 2025
ON, Canada
Provides business loans and support for economic development

At a glance

Eligible Funding
  • Max. $250,000
Timeline
  • Unspecified
Financing Type
Loans and Capital investments
Eligible Industries
  • Other services (except public administration)
  • Public administration
Funds Providers
Unspecified
Program status
Open

Overview

The Community Futures Program offers funding up to a maximum of $250,000 to support business start-up, stabilization, and expansion activities in Alderville First Nation or Northumberland County. Eligible activities include the purchase, upgrade, or renovation of commercial properties, although it does not provide non-repayable contributions.

Financing terms and conditions

  • All loans require some type of security, which may vary depending on the amount of the loan and its usage. Physical security may not always be necessary.
  • For incorporated businesses, all owners must sign a personal guarantee limited to the loan amount.
  • The maximum loan amount available through this program is $250,000.
  • There are no non-repayable contributions (grants) currently available through this program.
  • Flexible repayment terms are offered instead of operating lines of credit.
  • Nventure allows for partnerships with other financial institutions or the BDC for larger deals, particularly for commercial property related loans.

Activities funded

  • Providing financing for start-up businesses.
  • Business stabilization efforts.
  • Business expansion projects.
  • Purchase, upgrade, or renovation of commercial properties.
Examples of admissible projects:
$ 200,000
Develop an AI-driven financial advisory platform
$ 250,000
Establish a tech incubator for startups in rural areas
$ 150,000
Create a cultural exchange program for artists
$ 120,000
Launch a local organic produce delivery service
$ 180,000
Initiate a renewable energy project in urban schools
$ 80,000
Implement eco-friendly packaging for local artisanal goods

Eligibility

  • The business must be located in Alderville First Nation or Northumberland County.

Who is eligible?

  • Companies located in Alderville First Nation
  • Businesses situated in Northumberland County
  • Start-ups seeking financing
  • Businesses involved in business stabilization
  • Companies aiming for business expansion

Who is not eligible

  • Businesses not located in Alderville First Nation or Northumberland County.

Eligible expenses

  • Purchase of equipment and inventory.
  • Costs associated with commercial property upgrades or renovations.

Eligible geographic areas

  • Alderville First Nation
  • Northumberland County

Selection criteria

  • Purpose of the financing request.
  • Reasonable expectation of economic viability.
  • Creation or maintenance of jobs.
  • Client character including credit history.
  • Qualifications of the owners and/or managers.
  • Personal investment or financial commitment.
  • Security offered to protect the investment.

How to apply

1

Eligibility ConfirmationVerify your business location is in Alderville First Nation or Northumberland County as required.

Ensure your business demonstrates a substantial local presence and meets basic eligibility criteria.
2

Gather Necessary Documentation

  • Collect Articles of Incorporation or Business Registration documents.
  • Prepare recent financial statements and business planning documents.
  • Compile owner’s personal and financial information for the Owner's Statement of Personal Assets and Liabilities.
  • Obtain copies or scans of two forms of photo ID.
  • Prepare additional documents such as detailed multi-year cash flow projections, business plan for start-ups, and any CRA statements as necessary.
3

Submit Full Application

  • Use the Reviewr common application platform to submit your full application.
  • If an alternative application format is preferred, send a request via email.
4

Follow-up by Loan Officer

A Loan Officer from Nventure will contact you regarding the next steps in the process.
5

Approval and Offer

If approved, receive a Letter of Offer from Nventure outlining loan terms.
6

Closing and Fund Advancement

Complete the closing process with the possibility of advancing funds within two weeks of approval.

Additional information

  • All owners of an incorporated business are required to personally sign a Guarantee limited to the amount of the loan.
  • The maximum loan amount available for commercial properties is $250,000, with the potential to partner with your financial institution or BDC for larger amounts.
  • Loans require some type of security, but physical security may not be necessary based on the loan's purpose and amount.
  • Nventure does not currently offer non-repayable contributions or grants, but recommends checking other opportunities through Government of Canada resources and signing up for their newsletter for future alerts.
Apply to this program

Frequently Asked Questions about the Community Futures Program Program

Here are answers to the most common questions about the Community Futures Program. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.

What is the Community Futures Program?

How much funding can be received?

What is the deadline to apply?

Is the Community Futures Program a grant, loan, or tax credit?

Who are the financial supporters of the Community Futures Program?

Who is eligible for the Community Futures Program program?

Who can I contact for more information about the Community Futures Program?

Where is the Community Futures Program available?

Are startups eligible for the Community Futures Program program?

Apply to this program

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