Open
General Business Loans
Financing for business development in Two Rivers, Ontario
Last Update: June 19, 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
- Sole proprietorship
- For-profit business
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.
Official resources
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.
Selection criteria
TRCDC evaluates loan applications based on various criteria including:
- Equity requirement of a minimum of 10%
- Reasonable expectation of economic viability
- Creation or maintenance of jobs
- Client character including credit history
- Qualifications of owners and/or managers
- Adequate security (business and personal assets)
- Sustainable business plan and cash flow
How to apply
Here are the steps to apply for this grant and submit your application:
- Step 1: Initial Contact
- Call the Business Support Team to discuss business financing options available.
- Step 2: Eligibility Assessment
- Discuss your business idea and requirements with the Business Support Officer.
- If deemed eligible, you will be invited to prepare a Business Plan.
- Step 3: Business Plan Submission
- Develop a detailed Business Plan demonstrating eligibility and viability.
- Submit the Business Plan for review by the Business Support Officer.
- Step 4: Consultation and Refinement
- Consult with your Business Support Officer to ensure all information is complete and accurate.
- Include all necessary details and address any questions.
- Step 5: Application Review
- Await review of your Business Plan by the local Board of Directors.
- Receive written notification of approval or decline, with reasons or conditions.
- Step 6: Finalize Agreement
- If approved, sign loan agreements, including repayment terms.
- Communicate progress with the Two Rivers Support Team regularly.
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.
Frequently Asked Questions about the General Business Loans Program
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