Deadline to Apply: Ongoing
Eligibility Requirements:
A motivated entrepreneur
Self-identify as an individual who has experienced mental health and/or addiction challenges
Unable to access traditional bank financing for their small business
Not in active bankruptcy, behind on child support payments or government taxes
Reside in Canada
Canadian Citizen or Permanent Resident
Program Benefits:
Financing
Up to $10,000 to launch or grow your business
Repayment starts 30 days post loan disbursement
Low-interest rates with an average loan term of 3 years
Mentorship
Connects you with a Rise mentor for guidance and support
Support
Assistance with reviewing your business plan
Resources for you to improve your business skills and financial management
Supporting Documents Required:
Financing Application
Business Plan
1 year Cash Flow Projection
Resume
Credit Report
Supporting Documentation as Required
Deadline to Apply: Ongoing
Eligibility Requirements:
You must be a Canadian Citizen or Permanent Resident aged 18 to 39
You must be between 18 and 39 years old when you submit your application
You must demonstrate some training or experience in your field
You must be able to demonstrate that you have experience working in your industry and related to your business idea
You cannot be a contractor or an agent
To apply you cannot be an agent or contractor working for another already-existing business
Other Entrepreneur and Startup Business requirements here: https://futurpreneur.ca/en/eligibility/
Program Benefits:
Accessible financing
A flexible, equity-free startup business loan of up to $60,000, including up to $40,000 in financing from BDC.* *conditions apply
Mentorship
Receive up to two years of 1:1 hand-matched mentorship
Resources
From our Rock My Business workshop series to our various business planning tools, gain access to the resources you need to start and succeed
Networking opportunities
Engage with a national network of entrepreneurs, leaders, and community organizations at a range of virtual and in-person entrepreneurial events
Supporting Documents Required:
Not indicated
Deadline to Apply: Ongoing
Eligibility Requirements:
You must be a Canadian Citizen or Permanent Resident of Canada
You must physically reside in Canada
You are between the ages of 18 - 39
At the time of your application you must be within the stated age range in order to be eligible
You have a full time income outside of your side business
For the next 12 months, your side business will remain your secondary source of income
Other Entrepreneur and Startup Business requirements here: https://futurpreneur.ca/en/eligibility/
Program Benefits:
Inclusive financing
A flexible startup business loan of up to $15,000* *some conditions apply
Mentorship
Access to free mentoring (up to two years)
Networking opportunities
Benefit from a Canada-wide network of entrepreneurs
Resources
From our Rock My Business workshop series to our various business planning tools, gain access to the resources you need to succeed
Supporting Documents Required:
Not indicated
Deadline to Apply: Not indicated
You first need to graduate from their Boot Camp program
Alumni of the program will then be notified by email when BITS Bucks applications are open
**Applications open 2-3 times per year, on average 3 applications are approved each intake
Eligibility Requirements:
18 to 34 years old and are legally a resident of Ontario
Your annual income or assets amount to less than $35,000
You have previously completed a BITS training program and have a feasible business plan that has been approved by BITS staff
Program Benefits:
Up to $5000 in micro-financing loans and grants for you to use towards your business
BITS looks to fund growth-related activities
Interest rates will fluctuate based on the applicant's credit score but are usually between 6% and 8%
Supporting Documents Required:
Copy of Master Busines License
Business Plan
CCRA Personal Notice of Assessment from the most recent year
2 pieces of Photo ID
Bank Statement or Utility Billy
Important Notes:
There are a few small fees involved in the process
One time administration fee of 3% based on the loan amount you are approved. This varies from $30-75 and will be subtracted from the loan
You are required to open a business account with Alterna to hold the loan and grant funds. The cost of this account is $5/month
Deadline to Apply: Not indicated
Eligibility Requirements:
Be a Canadian Citizen or Permanent Resident
18 years of age or older
Not attending school or planning to return to school while enrolled in the program
Be devoting a minimum of 35 hours per week to their small business and not employed anywhere else
Not enrolled in any other government-funded employment program
A resident of Toronto with ability to demonstrate proof of physical address
Business Requirements:
Must be a registered business at the time of application (Sole Proprietor, Partnership or Corporation) and this business registration documentation (Master Business Licence or Articles of Incorporation) must show a Toronto address
Must have a commercial business bank account at the time of application which corresponds with Business Registration documentation
Must have been in operation for up to 3 years and be able to demonstrate financial activity statements for this period
Must have majority ownership and the ability to demonstrate proof of ownership and/or shareholder agreement
Must be located in Toronto with ability to demonstrate proof of physical address
Businesses the require certification and/or license must be current at the time of application
Must be able to commit to in-person and/or virtual entrepreneurship training
Must have already invested 25% of the grant amount ($1,250) into the business at the time of application (cash, marketing efforts, equipment, commercial rent, or other legitimate start up expenses)
Program Benefits:
Up to 15 hours of business training
A micro-grant of $5,000
Up to 6 months of advisory and mentoring services
Supporting Documents Required:
Proof of physical address
Proof of ownership and/or shareholder agreement
Deadline to Apply: Not indicated
Eligibility Requirements:
Be a Canadian Citizen or Permanent Resident
18 years of age or older
Identify as female
Not be attending school or planning to return to school while enrolled in the program
Be devoting a minimum of 35 hours per week to their small business and not employed anywhere else
Not enrolled in any other government-funded employment program
Be a resident of Toronto with ability to demonstrate proof of physical address
Business Requirements:
Must be a registered business at the time of application (Sole Proprietor, Partnership or Corporation) and this business registration documentation (Master Business Licence or Articles of Incorporation) must show a Toronto address
Must have a commercial business bank account at the time of application which corresponds with Business Registration documentation
Must have been in operation for 6 months of more and be able to demonstrate financial activity statements for this period
Must have majority ownership and the ability to demonstrate proof of ownership and/or shareholder agreement
Must be located in Toronto with ability to demonstrate proof of physical address
Businesses that require certification and/or license must be current at the time of application
Must be able to commit to in-person and/or virtual entrepreneurship training
Must have already invested 25% of the grant amount ($1,250) into the business at the time of application (cash, marketing efforts, equipment, commercial rent, or other legitimate start up expenses)
Program Benefits:
Up to 15 hours of business training
A micro-grant of $5,000
Up to 6 months of advisory and mentoring services
Supporting Documents Required:
Proof of physical address
Proof of ownership and/or shareholder agreement