Amount:

$2,500

Type of Program:

Loan


Description:

The Rise Event Lending provides access to low-interest business loans to people with mental health conditions or addiction when they have a specific business opportunity to showcase or sell your product, like an upcoming festival, fair or trade show.

Comments on Funding:

Funding is up to $10,000. 

Loan terms and conditions:

  •  low-interest rate with an average loan term of 3 years.;
  • Repayment starts 30 days post loan disbursement.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must:

  • Be self-employed or small businesses
  • Self-identify as an individual who has experienced mental health and/or addiction challenges
  • Be unable to access traditional bank financing for their small business
  • Not be in active bankruptcy, behind on child support payments or government taxes
  • Reside in Canada
  • Be a Canadian citizen or Permanent Resident.

Applications Steps:

1

Applicants must submit the online Rise Financing Application.

Documentation Needed:

Applicants must submit the following:

  • A financing application
  • A business plan
  • A 1 year cash flow projection
  • A resume
  • Their credit report
  • Supporting documentation as required.

Other Things to Note:

Program funding under the Small Business Lending Program. Previously (2020) was an independent program and not active status in 2021.

About the author 

Maurice

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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