Business and Community Services
Highlights
Hello,
If you're looking to grow your business in the Patricia Region, this program is designed just for you. Access expert business advice and counseling to navigate the challenges of entrepreneurship. Whether you need help with business plans, export support, or understanding federal and provincial programs, this program has you covered.
Financial assistance is available to give your business the boost it needs. There's no set amount of funding, but the access to capital can be crucial for starting or expanding your business. Plus, there's no limit on the number of employees or revenue, making it accessible to businesses of all sizes. Support is tailored to your needs, with services like entrepreneurial training and strategic community planning. This means you can focus on what matters most: growing your business. With no end date in sight, you have the flexibility to take advantage of these resources when you're ready.
Warm regards,
AAA Advisory
Financing Details
Loan: The financing provided is in the form of a repayable loan, tailored to support the growth and development of small businesses in the Patricia Region.
Repayment Terms and Interest Rates:
- The loan comes with a competitive interest rate, designed to be affordable for small business owners.
- Repayment terms are flexible, with options to extend based on the business's financial health and cash flow.
- Specific details on the interest rates and repayment schedules can be customized according to your business needs and financial situation.
Eligible Expenses:
- Funds from the loan can be used towards a variety of business-related expenses such as equipment purchase, leasehold improvements, and operational costs.
- The loan also covers expenses related to business expansion, including marketing and product development.
Restrictions on Use of Funds:
- The loan cannot be used for refinancing existing debt.
- Funds are also not eligible for non-business related expenditures, ensuring that all financial support directly contributes to business growth and development.
Fees:
- There is a nominal application fee to process the loan.
- No hidden charges or early repayment fees, promoting transparency and trust.
Qualifications
Location Requirement: The business must be located in the Patricia Region of Northwestern Ontario.
Business Type: The program is designed for small businesses.
Business Stage: The business can be either in the startup phase or in the development phase.
Community Focus: The business should align with community needs and contribute to regional community economic development.
Entrepreneurial Support: The business owner should be open to receiving business advice, counselling, and entrepreneurial training.
Program Awareness: The business should be interested in accessing information on Federal and Provincial programs and services.
Financial Assistance: The business should be seeking access to capital and financial assistance.
Description
Looking to grow your business in the Patricia Region? This program is here to help. You can access expert business advice and counseling to guide you through the challenges of entrepreneurship. Whether you need help with business plans, export support, or understanding federal and provincial programs, this program has you covered.
Financial assistance is available to give your business the boost it needs. While there's no set amount of funding, the program offers access to capital that can be crucial for starting or expanding your business. Plus, there's no limit on the number of employees or revenue, making it accessible to businesses of all sizes.
Support is tailored to your needs, with services like entrepreneurial training and strategic community planning. This means you can focus on what matters most: growing your business. With no end date in sight, you have the flexibility to take advantage of these resources when you're ready.
Program Steps
Gather Required Documentation
Prepare the following documents for your application:- Business plan
- Financial statements (last two years)
- Tax returns (last two years)
- Proof of business registration
- Any relevant licenses or permits
Contact PACE's Business Development Coordinator
Reach out to the coordinator to discuss your business needs and get guidance on the application process.Complete the Application Form
Fill out the application form provided by PACE. Ensure all sections are completed accurately.Submit Your Application
Send your completed application form along with the required documentation to PACE.Follow Up
After submission, follow up with PACE to confirm receipt and inquire about the next steps in the process.Attend Any Required Meetings
Be prepared to meet with PACE staff for further discussions or to provide additional information if needed.Receive Funding Decision
Wait for PACE to review your application and notify you of their decision regarding funding.