Type of Program:
The Northern Business Opportunity Program — Small Business Start-up Projects provides funding to new businesses in Northern Ontario that intend to commence operations in existing and emerging priority economic sectors.
Comments on Funding:
Funding will generally not exceed 50% of eligible project costs up to a maximum of $200,000.
Applicants must provide a minimum equity contribution in the amount of 15% of eligible project costs.
When It Ends:
Other Things to Note:
The entrepreneur will be required to reimburse the NOHFC if assets financed by the NOHFC are sold within the first three years of operation.
Program no longer active. (January 2021 and December 2021)