Are You Eligible?

To apply for a micro-loan, you:

• Must be 18 years of age or older;
• Must have permanent legal status in Canada (Canadian Citizen or Landed Immigrant status) and be a resident of Ontario;
• Must own no less than 51% of the company in the case of a corporation; in the case of a partnership, all partners must be willing to co-sign for the loan;
• Must be able to submit a complete business plan including start-up or expansion costs and a cash flow forecast.

To have the greatest chance of success, it is highly recommended that you:

• Have completed, or are currently participating in, a relevant business training program, assessed on an individual basis, OR;
• Be currently operating a business and able to supply supporting documentation of business activities, OR;
• Have past experience in a similar business or profession.

Click here to see a list of some programs or resources available in Toronto.

To apply for a micro-loan, your business:

• Must be located in the Greater Toronto Area;
• Must be manufacturing, retailing, producing or providing a product or service;
• Must be, or will be, legally registered as a sole proprietorship, partnership or corporation;
• Must use the loan proceeds to commence or expand business operations. Loan proceeds cannot be used to pay off existing debt.