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Government of Ontario, Ministry of Economic Development, Job Creation and Trade
Loans for business growth in eastern Ontario
Helps businesses in eastern Ontario get loans to support projects that boost innovation and create jobs. Covers up to 15% of project costs, up to $5 million.
Financial support and services (loans, grants, advisory) for growing companies in Eastern Ontario to expand, improve productivity, invest in innovation and skills, pursue new markets, generate regional economic impact, and create jobs. Loans can be up to 15% of eligible costs to a maximum of $5M, with up to 30% ($500,000 max) potentially forgivable. Grants are available in specific circumstances, up to 15% to a maximum of $500,000 (for rural companies with <100 employees) or $1,500,000 (for strategic FDI projects).
Business Size: small, medium
Region: Eastern Ontario, Frontenac, Haliburton, Hastings, Kawartha Lakes, Lanark, Leeds and Grenville, Lennox and Addington, Muskoka, Northumberland, Ottawa, Peterborough, Prescott and Russell, Prince Edward, Renfrew, Stormont, Dundas and Glengarry
Other Criteria: Incorporated for-profit business, Minimum 3 years of operations/financial statements, Employ at least 10 people (or 5 if in rural Ontario), Commit to creating at least 5 new jobs (or 30% increase for companies with fewer than 15 employees), Invest at least $500,000 in their project (or $200,000 if in rural Ontario), Project must be completed in 3-4 years, Located in, or plan to locate in, a community in Eastern Ontario
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This program is available to small, medium businesses located in Eastern Ontario, Frontenac, Haliburton, Hastings, Kawartha Lakes, Lanark, Leeds and Grenville, Lennox and Addington, Muskoka, Northumberland, Ottawa, Peterborough, Prescott and Russell, Prince Edward, Renfrew, Stormont, Dundas and Glengarry.
This program offers funding up to $5,000,000 (minimum $500,000).
The application deadline is September 23, 2026.
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