Community Futures Ontario — Business Information and Planning Services
Highlights
You have a fantastic opportunity to grow your business with the support of this program. It offers tailored services like business counseling, planning assistance, and export support. These resources are designed to meet the unique needs of small businesses and social enterprises. You will gain access to expert guidance that can help you refine your business strategies and expand into new markets.
The training and information on government resources provided will empower you to make informed decisions and leverage opportunities that can take your business to the next level. Plus, with no limits on funding, you can rest assured that both small and large businesses have room to benefit. Applying is straightforward, and the CFDCs across Canada are committed to helping you succeed. Don't miss out on the chance to give your business the boost it needs!
Financing Details
The financing provided through this program includes both grants and repayable loans.
Repayment Terms and Interest Rates:
Grants: You do not need to pay these back. They are essentially free money to help your business grow or access services.
Repayable Loans: These loans come with a competitive interest rate. Typically, it is set at around 3-5% to keep your costs low. The repayment term can last from 1 to 5 years, depending on the specific arrangement.
Eligible Expenses:
Funds from this program can be used for a variety of purposes, including but not limited to:
- Business counseling
- Business plan development
- Export support
- Entrepreneurial training
- Accessing information on government programs and services
Ineligible Expenses:
However, funds cannot be used for personal expenses, debt repayment, or investments in real estate or capital assets.
Fees:
There are generally no application fees associated with this program, making it easier for you to access the funding you need without added costs.
Qualifications
- Location: Available across Canada.
- Sectors: Open to all sectors.
- Employees: No minimum or maximum number of employees required.
- Company Revenue: No minimum or maximum revenue qualifications.
- Legal Structure: All legal structures are applicable.
- Profit Structure: All profit structures are applicable.
Disqualifications: None mentioned in the context.
Description
You can access valuable services tailored for your business or social enterprise. This program offers business counseling, planning assistance, and export support. You’ll also benefit from entrepreneurial training and information about various government resources that can help you thrive.
The Community Futures Development Corporations (CFDCs) across Canada have a deep understanding of the local marketplace. They aim to empower small businesses like yours by providing expert advice and support for your specific needs.
With no set limits on funding, this program ensures that businesses of all sizes and sectors can find the help they need. Whether you're looking to refine your business plan or explore new markets, the resources and support available can guide you on the path to success.
Program Steps
Visit the program website to gather information about services and benefits offered.
Identify specific services that align with your business needs, such as counseling or training.
Prepare the necessary documentation for your application. You will likely need:
- A completed application form
- Your business plan or a summary of your business
- Financial statements or recent tax returns
- Identification documents (e.g., business registration, personal ID)
- Any other relevant materials that showcase your business's goals and needs
Submit your application along with the required documentation through the program's website or designated submission method.
Await confirmation of your application submission and any further instructions from the program administrators.
Engage with your assigned advisor or representative once you are accepted into the program to maximize the resources available to you.
