Maurice
Posted: February 10, 2022

Amount:

$300,000

Type of Program:

Loan


Description:

Thunder Bay Ventures provides financial assistance to businesses in the Thunder Bay CMA.

Comments on Funding:

Funding is up to $30,000.


When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must:

  • Applicants can be new business starts as well as existing businesses. 

Applications Steps:

1

Applicants must complete and submit the completed and signed application form found on Thunder Bay Ventures' website.

Documentation Needed:

Applicants must submit:

  1. 1
    Comprehensive Business Plan;
  2. 2
    3-Year Financial Statement or Financial Projections;
  3. 3
    Certificate of Incorporation or Master Business License;
  4. 4
    Canada Revenue Agency Document showing CRA logo, business name, and applicant name;
  5. 5
    Direct Deposit Form or Void Cheque;
  6. 6
    Resume or Curriculum Vitae;
  7. 7
    $100 non-refundable application fee by cheque or e-transfer. 

Optional documentation:

  1. 1
    Partnership agreement;
  2. 2
    Supplier’s Letters of Intent;
  3. 3
    Customer’s Letters of Intent;
  4. 4
    Record of Site Condition;
  5. 5
    Aged List of Accounts Receivable and Payable;
  6. 6
    Corporate By-Laws;
  7. 7
    Lease Agreement.

Other Things to Note:

NWOIP loans: Community Futures Development Corporations (CFDCs) in Northwestern Ontario now have the ability to provide loans to Northwestern Ontario businesses in excess of their normal lending cap of $300,000, to as much as $600,000. With the help of the CFDCs’ funding partner, FedNor/Industry Canada, these loans are available to Northwestern Ontario Businesses for starting a new business or expanding an existing

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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