Posted: February 8, 2022



Type of Program:



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

Comments on Funding:

Funding is up to $5,000.
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.

When It Ends:



Rolling deadline


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:


Applicants must submit the online business loan application form


All clients will need to open an Alterna Savings account to receive the funds, which also has a small fee to open ($15), similar to most bank accounts.

Documentation Needed:

Applicants must submit:

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

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.

About the author 


Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe's background and how he can help your business.


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