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Government of Ontario, Ministry of Economic Development, Job Creation and Trade
Relief for Ontario businesses facing tariff-related disruption
Helps Ontario businesses in the steel, aluminum, and automotive sectors cover everyday costs like payroll and utilities. Provides loans starting at $250,000 for working capital needs.
Term loan to support working capital costs (e.g., payroll, leases, utilities) for Ontario companies impacted by s.232 or s.338 tariffs. Loans are repayable up to 72 months (6 years), with no penalty for prepayment and annual repayment frequency. May include interest-bearing loan up to market prime-rate and potential for principal-free repayments for up to 12 months.
Business Size: medium, large
Industries: steel, aluminum, copper, autos, mechanical equipment (machine and mechanical), electrical machinery (electrical equipment, appliances, and components), plastic products (plastics and packaging), beverages (alcohol: includes beer, wine, cider, spirits, and distilled products), paper products (paper and packaging: includes printing, packaging, and tissue products), other goods (jewelry, precious metals, beauty, personal care, certain dairy and specialty cheese products, textiles, consumer goods, leather and footwear, selected animal skins and leather products), certain steel, aluminum and other metal products, mattresses, furniture, motorboats, golf carts
Region: Ontario
Revenue Range: From $2M
Other Criteria: for-profit businesses (legal entity or limited partnership), registered to carry out business in Ontario, operate within the province of Ontario, employ at least 10 full-time employees in Ontario, have minimum 3 years of operations and financial statements, facing material working capital challenges due to the imposition of s.232 or s.338 U.S. tariffs, have explored and exhausted or faced significant barriers in accessing federally offered financial support options to access working capital, direct exporter or supporting the supply-chain within specified tariff sectors
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This program is available to medium, large businesses in steel, aluminum, copper industries located in Ontario.
Contact the program administrator for funding details.
Check the official program website for current deadlines.
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