Access Community Capital Fund – Business Loans


The Business Loans provide affordable loans plus free business coaching services.

Comments on Funding:

Initial funding is up to $5,000. If additional funding is needed, after paying off the first loan in good standing, a small business can apply for up to $10,000. For a foreign credential recognition loan, the applicant can borrow up to $15,000 for career-related expenses.
Our interest rates are prime plus 1.25% for business loans. Prime is the standard rate which banks charge, which can change and affect the overall interest rate.
There is a one-time administrative fee of 5% added to business loans at the time of disbursal.
Applicants may be charged additional fees for paying your loan late.


Applicants must:

  • be 18 years or older;
  • be Canadian citizens, Permanent Residents or Convention Refugees with a legal right to work in Canada;
  • residents of the Greater Toronto Area or Hamilton;
  • have a demonstrated financial need;
  • be unable to obtain a loan from banks and other sources;
  • not be in a consumer proposal or bankruptcy, or must have been discharged for at least 6 months;
  • be up-to-date with, and not owing taxes to, Canada Revenue Agency (CRA) or child support to the Family Responsibility Office (FRO) or provide proof of ongoing payments for at least 3 consecutive months;
  • be able to demonstrate the loan will be used for business purposes as outlined in this application and business plan.

Business loans cannot be used to pay off debt.

Applications Steps:

Documentation Needed:

Applicants must submit:

  1. Proof of income, e.g. copy of pay stub;
  2. Credit report and score from Equifax or TransUnion;
  3. Notice of Assessment from Canada Revenue Agency;
  4. Business Plan and Cash Flow Projections;
  5. Business registration, if registered;
  6. Two pieces of valid photo ID (e.g. Driver’s Licence, Passport or Immigration Documents);
  7. Proof of residence, .e.g. utility bill, bank statement etc.;
  8. Resume.

Other Things to Note:

Access Community Capital Fund is a registered Canadian Charity based in Toronto that provides microloans and supports to individuals working towards improving their economic livelihood.

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