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This program is no longer accepting applications.
But don't worry — there are similar open programs you can apply to now.
Government of Ontario, Ministry of Economic Development, Job Creation and Trade
Loans and advisory for growth in southwestern Ontario
Similar business financing & capital programs currently accepting applications
Community Business Development Corporations
Buy or sell an Atlantic Canadian business
Community Futures Alberta
Help to buy or sell a business in rural Alberta
Community Futures Eastern Ontario
Loans for innovative SMEs in southern Ontario
Government of Nova Scotia, Procurement Services
Opportunities to sell to the Government of Nova Scotia
Northern Ontario Angels
Investment readiness support in Northern Ontario
Government of Yukon, Department of Economic Development
Yukon business loan guarantee
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Browse Open ProgramsHelps growing companies in southwestern Ontario access loans of up to $5 million. Provides advisory services to support their growth.
Financial support covering up to 15% of eligible project costs. Includes loans (maximum $5M, interest-free during project period up to 4 years, up to 30% forgivable to a maximum of $500K if targets are met) and grants (maximum $500K for rural companies with <100 employees, or maximum $1.5M for strategic foreign direct investments/competitive projects). Also provides complementary services such as advisory support, assistance with environmental compliance approvals, accessing skills and talent, and information on tax credits, regardless of funding outcome.
Business Size: small, medium
Region: Southwestern Ontario (Brant, Bruce, Chatham-Kent, Dufferin, Elgin, Essex, Grey, Haldimand, Huron, Lambton, Middlesex, Niagara, Norfolk, Oxford, Perth, Simcoe, Waterloo, Wellington)
Other Criteria: Incorporated for-profit business, Minimum 3 years of operations with 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 project (or $200,000 if in rural Ontario), Project to be completed in 3-4 years, Not a sole proprietorship or startup, Rural Ontario defined as municipality with population < 100,000 or density < 100 people/sq km
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Community Business Development Corporations
Buy or sell an Atlantic Canadian business
Community Futures Alberta
Help to buy or sell a business in rural Alberta
Community Futures Eastern Ontario
Loans for innovative SMEs in southern Ontario
Government of Nova Scotia, Procurement Services
Opportunities to sell to the Government of Nova Scotia
Northern Ontario Angels
Investment readiness support in Northern Ontario
Government of Yukon, Department of Economic Development
Yukon business loan guarantee
This program is available to small, medium businesses located in Southwestern Ontario (Brant, Bruce, Chatham-Kent, Dufferin, Elgin, Essex, Grey, Haldimand, Huron, Lambton, Middlesex, Niagara, Norfolk, Oxford, Perth, Simcoe, Waterloo, Wellington).
This program offers funding up to $5,000,000 (minimum $30,000).
The application deadline is September 23, 2026.
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