RISE Asset Development Small Business Lending Program (2022)

Description:

The Rise Small Business Lending Program provides access to low-interest business loans to people with mental health conditions or addiction to launch or grow their small business.

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.

Eligibility:

The applicant must:

  • be motivated entrepreneurs,
  • 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:

Applicants must submit the online Rise Financing Application.

Documentation Needed:

Applicants must submit the following:

  • Financing application
  • Business plan
  • 1 year cash flow projection
  • Resume
  • Their credit report
  • Supporting documentation as required.

Testimonials:

Impact Stories | Rise

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