Business Development Bank of Canada (BDC)
Tel: 1-877-232-2269 (toll free) Web: www.bdc.ca
The BDC is a crown corporation financial institution that provides financing, consulting and venture capital for small and medium-sized enterprises. Services include long-term financing, working capital, refinancing, change of ownership, patent capital and venture capital.
Canada Business Network
Search and find government grants, loans and financing.
Canada Small Business Financing (CSBF)
Under this program, the Government of Canada makes it easier for small businesses to get loans from financial institutions by sharing the risk with lenders. The CSBF program promotes the availability of loans for establishing, expanding, modernizing and improving small businesses through Canadian financial institutions. Small businesses operating for profit in Canada with gross annual revenues of $5 million or less are eligible to receive a maximum of $500,000 in financing.
Loans can be used for financing up to 90% of the cost of:
- Purchasing or improving land, real property or immovables
- Purchasing leasehold improvements or improving leased property
- Purchasing or improving new or used equipment
Farm Credit Canada
As Canada’s leading agriculture lender, FCC is advancing the business of agriculture. With a healthy portfolio of more than $22 billion and 19 consecutive years of portfolio growth, FCC is strong and stable – committed to serving the industry through all cycles. FCC provides financing, insurance, software, learning programs and other business services to producers, agribusinesses and agri-food operations. FCC employees are passionate about agriculture and committed to the success of customers and the industry.
Grants Ontario provides you with one-window access to information about grants that are available to you, how to apply for grants and how to check the status of your application. Grants applications will now completed on-line - including this round of HCF grants.
Grants Ontario makes applying for a grant easy. Enter your organization's information once and it will remain safe and secure, ready for you to access any time you want to apply for a grant - regardless of whether you're applying for one grant or multiple grants. You will need to complete the enrolment process on the new Grants Ontario web portal before applying.
Investing in Business Innovation
Libro Prosperity Fund
The Prosperity Fund is one of the components in the movement that is the Prosperity Project, which encompasses all we do at Libro to grow prosperity across southwestern Ontario. It’s about investing in people, neighbourhoods and enterprises. If we can help our Owners achieve their dreams of prosperity, we can inspire financial happiness for our communities, the entire region and beyond.
The Prosperity Fund is aimed at not-for-profits, registered charities, co-operative or community groups that are building prosperity in southwestern Ontario in the following focus areas:
- Regional Economic Development
- Money Smarts
- Youth Leadership
Libro will review applications and grant funds through the annual granting program once per calendar year.
Prosperity Initiative Program
The Prosperity Initiative encourages businesses, not-for-profit organizations and post-secondary institutions in southern Ontario to undertake projects that will result in a more productive, diversified and competitive economy in the region. Funding is available for projects that:
- enhance productivity;
- diversify the regional economy; and
- build a competitive advantage for southern Ontario
Up to $210 million has been allocated to this program from 2010 to 2014.
Applications are being accepted on an ongoing basis. Applicants must first submit a Statement of Intent outlining the applicant's intent, project scope, alignment with Prosperity Initiative objectives, project stakeholders, future outcomes, overall costs and funding sources.
Applicants receiving written approval from FedDev Ontario to proceed to the next phase may then submit a full project proposal.
Scientists & Engineers in Business (FedDev)
Scientists and Engineers in Business provides financial support to help recent graduates and graduate students in the STEM (science, technology, engineering and mathematics) fields develop their business skills so they can bring innovative ideas to market and help grow the southern Ontario economy.
Applications are being accepted on an ongoing basis for projects submitted by eligible not-for-profit organizations that provide business development and advisory services, as well as post-secondary institutions that offer commercialization fellowships.
SME Benchmarking Tool
Tel: 1-800-328-6189 (toll-free) Web: www.ic.gc.ca/eic/site/pp-pp.nsf/eng/home
SME Benchmarking Tool provides access to industry averages for income statement and balance sheet items, financial ratios and information on profitability for small and medium-sized businesses.
It features detailed financial data on more than 600 industries across Canada, including more than 30 performance benchmarks to help small businesses determine how they measure up to their competitors.
This tool is based on the Small Business Profiles (SBP), which are created by Statistics Canada using a sample of Revenue Canada tax returns for both incorporated and unincorporated businesses operating in Canada. The most recent version of the Small Business Profiles is for 2008.
SME Benchmarking Tool can help both new and existing businesses to better understand how competing firms operate in their chosen industry.
The CDMN Soft-Landing Program is intended to offer qualified, mature startups and SMEs exposure to an economy-of-interest by providing them the opportunity to take residence in a partnered facility that can offer the regional support required to help them grow their business for up to three months.
Both the location and the specific landing facility are always determined by the startup and SME, based on market pull and the needs that the company is seeking to fulfill in that economy.
The CDMN Soft-Landing Program offers three types of landings for startups and SMEs looking to grow their business in new markets. Through Outbound Soft-Landings Canadian companies can land anywhere in the world, get connected to a business accelerator centre in a targeted market and qualify for up to $4,000 CAD in reimbursable travel expenses along with having their desk space at the landing facility covered for a landing of up to 3 months.
Non-Canadian companies looking to land in Canada can take part in the Inbound Soft-Landings that the CDMN offers. Similarly, Canadian companies looking to land elsewhere in Canada can take part in the Domestic Soft-Landings option. While the Inbound and Domestic soft-landing types do not provide funding, CDMN will connect companies interested in these options with our extensive network of business accelerators and incubators located from coast-to-coast to assist them in learning more about how to do business in North America.
Think the CDMN Soft-Landing Program is a fit for your company? Consider the following questions:
- Are you a startup company or Small-Medium Enterprise (companies with 1-500 employees)?
- Are you interested in taking your company international?
- Is your business, product, or service centred on ICT?
- Is there potential to grow your business in foreign markets?
- Do you have a product or service that is market ready?
- Do you have existing revenues?
Southern Ontario Fund for Investment in Innovations (SOFII)
The Southern Ontario Fund for Investment in Innovation program supports high-growth, innovative Small and Medium-sized Enterprises (SMEs) in rural and urban communities by offering loans of usually $150,000 to $500,000 to support all aspects of growth challenges facing them. The loans are intended to help finance:
- Late stage commercialization;
- New product or service development;
- New applications or markets; or
- Development or implementation of new processes or technologies.
Southwestern Ontario Angel Group
The Southwestern Ontario Angel Group (SWOAG) is a not-for-profit corporation based in London, Ontario.
SWOAG is made up of a group of professional investors whose purpose is to:
- Support economic development in London and the Southwestern Ontario region
- Foster an entrepreneurial spirit
- Identify and act on investment opportunities
- Promote investor best practices
The Southwestern Ontario Angel Group will be able to connect more angel investors with promising new start-up businesses in the southwestern Ontario region, thanks to a $100,000 Government of Canada investment.
Southwestern Ontario Development Fund
The Southwestern Ontario Development Fund supports regional economic development by creating jobs, attracting private sector investment and promoting innovation, collaboration and cluster development in Southwestern Ontario.
The fund is a discretionary, non-entitlement program with limited funding. There are two funding streams, one for established businesses and a regional stream for economic development organisations including municipalities.
Under the business stream, the fund may provide up to 15% of eligible project costs to a maximum grant of $1.5 million. For project investments of $10+ million that create 50+ jobs, funding may be available in the form of a secured repayable loan, to a maximum of $5 million in provincial support.
Under the regional stream, the fund may provide up to 50% of eligible project costs to a maximum grant of $1.5 million.
Stacking with other provincial programs is not permitted under either funding streams.
Check the website for information on eligibility and application process
Sustainable Development Technology Canada Tech Fund
Sustainable Development Technology Canada (SDTC) finances and supports clean technolgies in the innovation stage.
SDTC supports technologies that address the challenges of Climate Change, Clean Air, Soil and Water, including technology solutions focused on these current technology priority areas:
- Unconventional oil and gas, and responsible natural resources development
- Next generation transportation:
- Energy efficiency
- Clean energy
- Northern/remote communities
Successful applicants typically receive 33% of the eligible project costs but can receive up to 50% in the case of early stage technologies.