Community Futures Ontario — Access to Capital
Canada
Loan for businesses and social enterprises in rural Ontario
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|minCount
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Community Futures Ontario (CFO)
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get repayable financing of $150,000 or more for your SME or social enterprise, in the form of a loan, loan guarantee or equity investment, when financing from other sources is insufficient.
grant_single_labels|projects
Yes, projects eligible for this grant include:
- Start-up businesses looking for financing
- Existing small businesses seeking funds for expansion
- Social enterprises with stabilization plans
- Projects aimed at maintaining or creating jobs
grant_single|admissibleProjectsExample
$200,000
Toronto
Expanding a local organic food store to a full-fledged supermarket
$150,000
Vancouver
Launching a tech start-up focused on educational software
$150,000
Montreal
Developing a stabilization plan for a community healthcare clinic
$170,000
Ottawa
Establishing a new farm-to-table restaurant in Ottawa
$150,000
Calgary
Expanding a digital marketing agency in Calgary
$150,000
Winnipeg
Developing a job creation program for at-risk youth in Winnipeg
grant_single_labels|admissibility
- Businesses must be small or medium-sized and have a viable business plan.
- Funds should be used for start-up, expansion, or stabilization plans that create or maintain jobs.
- Repayable financing of $150,000 or more available when other sources are insufficient.
grant_eligibility_criteria|who_can_apply
Small businesses and social enterprises in Canada are eligible for the CFDC grant to help finance start-up, expansion, or stabilization plans that create or maintain jobs.
- New small businesses
- Existing small businesses
- Social enterprises
grant_eligibility_criteria|who_cannot_apply
There are certain types of companies that are not eligible for this grant:
- Companies involved in illegal activities.
- Businesses that do not have a viable business plan.
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant may include but are not limited to:
- Start-up costs
- Expansion expenses
- Stabilization plans
- Job creation or maintenance initiatives
grant_single_labels|criteria
The Community Futures Program provides repayable financing for small businesses and social enterprises through local investment funds. The financing decisions are made at the community level by local boards of directors.
- Business viability and potential for job creation or retention
- Demonstrated need for financing when other sources are insufficient
- Clear business plan outlining the use of funds
- Positive impact on the community or region
- Ability to repay the financing on commercial terms
grant_single_labels|register
- Step 1: Contact the local CFDC office nearest to you
- Step 2: Discuss your financing needs and business plan with the CFDC
- Step 3: Submit the required documentation as per the CFDC's guidelines
- Step 4: Await the financing decision made by the local board of directors at the community level
grant_single_labels|otherInfo
- Applicants should be aware that the financing decisions for the Community Futures Program are made at the community level by local boards of directors.
grant_single_labels|contact
1-888-633-2326
Apply to this program
Access to Capital Grant Summary
Government of Canada funding administered through CFDCs offers repayable financing of $150,000 or more on commercial terms to support new or existing small businesses and social enterprises for start-up, expansion, or stabilization plans that help create or maintain jobs.
Access to Capital Grant - Detailed Explanation
Access to Capital grant program, facilitated by Community Futures Development Corporations (CFDCs) in Canada, provides essential financial support to small businesses and social enterprises. The program offers repayable financing of $150,000 or more on commercial terms through loans, loan guarantees, or equity investments. This funding is intended to assist entrepreneurs with start-up, expansion, or stabilization plans, contributing to the creation and retention of jobs within local communities.
CFDCs play a vital role in administering the local investment funds, ensuring that businesses have access to the necessary capital for growth and development. The funding decisions are made at the community level by the local boards of directors, who evaluate each application based on its potential impact on the local economy and job market.
Small and medium-sized businesses as well as social enterprises can benefit from this grant to overcome financial barriers that may hinder their growth. By providing access to capital when financing from other sources is insufficient, the program supports a diverse range of businesses across various sectors, fostering economic prosperity and sustainable development.
Entrepreneurs seeking support from the Access to Capital grant program can contact their nearest CFDC office for guidance on the application process. The CFDCs act as valuable resources for business owners, offering assistance in navigating the funding options available and ensuring that the financing aligns with the specific needs and goals of the enterprise.
Overall, the Access to Capital grant program serves as a catalyst for entrepreneurial success, facilitating the growth of small businesses and social enterprises while contributing to the overall economic resilience and prosperity of Canadian communities.
