Financing

Learn where to obtain financ­ing, how loans work & what grants are available

Access to cap­i­tal can be a sig­nif­i­cant bar­ri­er for the new and expand­ing busi­ness own­er. There are many tra­di­tion­al and alter­na­tive financ­ing options for entre­pre­neurs avail­able through­out Mid­dle­sex Coun­ty and South­west­ern Ontario that may be of assis­tance to you.

Futur­pre­neur Cana­da, in part­ner­ship with the Busi­ness Devel­op­ment Bank of Cana­da offers up to $45,000 in char­ac­ter based start-up financ­ing for youth up to 29 years of age. Vis­it www​.futur​pre​neur​.ca or call 1−800−464−2923

The Busi­ness Help Cen­tre of Mid­dle­sex Coun­ty spe­cial­izes in pro­vid­ing term loans up to $250,000 to small busi­ness­es that have been unable to find financ­ing else­where on rea­son­able terms or con­di­tions. A busi­ness plan is required as is ade­quate secu­ri­ty and a demon­strat­ed abil­i­ty to repay the loan. For more infor­ma­tion, vis­it www​.the​busi​nesshelp​cen​tre​.ca.

The South­ern Ontario Fund for Invest­ment in Inno­va­tion offers small busi­ness own­ers loans from $150,000 to $500,000 to devel­op inno­va­tion in rur­al and urban com­mu­ni­ties. More infor­ma­tion can be found here SOFII. Farm Cred­it Cana­da offers rur­al entre­pre­neurs financ­ing to sup­port farm­ing and farm relat­ed busi­ness ven­tures. More infor­ma­tion on Farm Cred­it Cana­da can be found at https://​www​.fcc​-fac​.ca/​e​n​/​a​b​o​u​t​-​f​c​c​.html

The Busi­ness Devel­op­ment Bank of Cana­da (BDC) offers many sup­ports to entre­pre­neurs through­out Ontario includ­ing busi­ness loans from $50,000 and above. You can find out more infor­ma­tion about BDC financ­ing and all their busi­ness sup­ports here http://​www​.bdc​.ca/​E​N​/​f​i​n​a​n​c​i​n​g​/​P​a​g​e​s​/​d​e​f​a​u​l​t​.aspx