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General Business Loans - Ontario - Canada
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General Business Loans

Financing for business development in Two Rivers, Ontario
Two Rivers Community Development Centre
Last Update: March 3, 2026
Funding available
$ 1,150,000
Timeline
  • Open continuously
Location
Ontario, Canada

Overview

Access loans of up to $1,150,000 to purchase equipment, increase working capital, finance inventory, acquire an existing business, or to cover expansion costs.

/100
Opportunity Score
Moderate potential, but conditions must align.

At a glance

Funding available

Financing goals
  • Develop an online presence
  • Reduce environmental footprint
Eligible Funding
  • Maximum amount : 1,150,000 $
  • Up to 90% of project cost
Timeline
  • Open continuously

Eligible candidates

Eligible Industries
  • All industries
Location
  • Ontario
Legal structures
  • For-profit business
  • Sole proprietorship
Annual revenue
  • All revenue ranges
Organisation size
  • All organization sizes
Audience
  • Rural or Northern Residents
  • Startups

Next steps

1
Determine your project
2
Validate your eligibility

Activities funded

The General Business Loans are designed to support a variety of business needs, particularly aiming at growth and sustainability. These funds can be utilized for different business-related activities to ensure economic viability and development.

  • Starting a new business.
  • Expanding an existing business.
  • Acquisition of an existing business.
  • Purchasing equipment for business operations.
  • Providing working capital for inventory and day-to-day expenses.

Eligibility

Who is eligible?

This grant is targeted at businesses seeking to enhance their operations, start new ventures, or expand existing ones, with a focus on economic viability and job creation within the service area.

  • Equity requirement: Minimum of 10% to 15%.
  • Reasonable expectation of economic viability.
  • Creation or maintenance of jobs.
  • Client character including credit history.
  • Qualifications of the owners and/or managers.
  • Adequate security (may include both business and personal assets).
  • Sustainable business plan and cash flow.

Eligible expenses

The E-Commerce Grant Application is available to support various business-related activities. These include starting or expanding businesses, acquiring existing businesses, and covering operational costs.

  • Starting a new business.
  • Expanding an existing business.
  • Acquisition of an existing business.
  • Purchasing equipment for business operations.
  • Providing working capital for inventory and daily expenses.

Additional information

Here are additional relevant details for potential applicants considering loans:

  • TRCDC provides competitive interest rates and flexible repayment terms to facilitate successful loan management.
  • The Board of Directors making financing decisions is composed of local entrepreneurs and field experts, indicating a community-focused approach.
  • The program is designed to assist with financing up to $1,150,000.
  • Funded by Canada and other partners, indicating potential alignment with national and regional development goals.
  • Ongoing support is provided by the Two Rivers Support Team to ensure business goals are met post-funding.

Documents and links

General Business Loans

Frequently Asked Questions about the General Business Loans Program

Here are answers to the most common questions about the General Business Loans. 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 General Business Loans?

Access loans of up to $1,150,000 to purchase equipment, increase working capital, finance inventory, acquire an existing business, or to cover expansion costs.

How much funding can be received?

General Business Loans Funds up to 90% of admissible expenses, capped at $1,150,000 per project.

Who is eligible for the General Business Loans program?

To be eligible for the General Business Loans program, you must: The business must be located in the specified service area. Equity of not less than 10% to 15% must be demonstrated. Must show evidence of future economic viability and management skills.

What expenses are eligible under General Business Loans?

The General Business Loans are designed to support a variety of business needs, particularly aiming at growth and sustainability. These funds can be utilized for different business-related activities to ensure economic viability and development. Starting a new business. Expanding an existing business. Acquisition of an existing business. Purchasing equipment for business operations. Providing working capital for inventory and day-to-day expenses.

Who can I contact for more information about the General Business Loans?

You can contact Two Rivers Community Development Centre.

Where is the General Business Loans available?

The General Business Loans program is available the province of Ontario.

Is the General Business Loans a grant, loan, or tax credit?

General Business Loans is a Grant and Funding

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