Amount:

$10,000

Type of Program:

Loan


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.

When It Ends:

Ongoing

Deadline:

Rolling deadline

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:

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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