If you're looking to grow your business in Northern Ontario, this program is a fantastic opportunity. It connects you with angel investors who are eager to invest in businesses like yours. You get access to valuable coaching and networking opportunities that prepare you to meet potential investors. This isn't just about funding; it's about gaining the knowledge and connections you need to succeed.

The program offers expert advice and resources to ensure your business is ready for investment. You'll be guided through the process, so when the time comes to pitch to investors, you're confident and prepared. This support can be a game-changer, helping you secure the capital and expertise needed to take your business to the next level.

With no restrictions on business size or revenue, this program is open to all sectors. It's a chance to partner with experienced investors who can provide not just money, but also insights and industry contacts. This could be the boost your business needs to thrive and expand in Northern Ontario.

Loan Type: The financing provided is a repayable loan, primarily aimed at supporting high-growth potential businesses in Northern Ontario. This loan is designed to help entrepreneurs scale their operations and enhance their capabilities through strategic investments.

Repayment Terms and Interest Rates:

• The loan features a competitive interest rate, which is typically lower than standard commercial lending rates to ease the financial burden on emerging businesses.
• Repayment terms are flexible, with options to extend based on the business's financial health and growth trajectory. This flexibility ensures that businesses can focus on growth without the immediate pressure of heavy repayments.

Eligible Expenses:

• Funds from this loan can be used towards operational costs, including but not limited to, hiring new staff, marketing initiatives, and research and development.
• Investments in equipment and technology that enhance the business's service delivery or production capacity are also covered under eligible expenses.

Restrictions on Use of Funds:

• The loan cannot be used for debt refinancing or repayment of existing loans.
• Funds are also restricted from being used for non-business related expenditures to ensure that the capital is fully utilized towards growth and operational enhancements.

Associated Fees:

• There is a one-time application fee to process the loan request.
• An annual service fee is also applicable, which is a small percentage of the loan amount, to cover management and administration costs associated with the loan.

These financial provisions are designed to provide substantial support to businesses, enabling them to leverage additional resources to accelerate their growth and establish a stronger presence in their respective markets.

If you're looking to grow your business in Northern Ontario, this program is a fantastic opportunity. It connects you with angel investors who are eager to invest in businesses like yours. You get access to valuable coaching and networking opportunities that prepare you to meet potential investors. This isn't just about funding; it's about gaining the knowledge and connections you need to succeed.

The program offers expert advice and resources to ensure your business is ready for investment. You'll be guided through the process, so when the time comes to pitch to investors, you're confident and prepared. This support can be a game-changer, helping you secure the capital and expertise needed to take your business to the next level.

With no restrictions on business size or revenue, this program is open to all sectors. It's a chance to partner with experienced investors who can provide not just money, but also insights and industry contacts. This could be the boost your business needs to thrive and expand in Northern Ontario.