This program is tailored for your business, providing the resources and support you need to launch, grow, or stabilize your operations. With monetary options like loans and grants, you can use this funding for a variety of purposes, from expanding your team to purchasing new equipment or covering everyday expenses. Plus, the inclusion of expert-led workshops means you'll gain practical knowledge to navigate challenges and seize opportunities.

What sets this program apart is its flexibility. There are no set budgets or limits on funding amounts, giving you the freedom to pursue what works best for you without unnecessary constraints. It's designed to be inclusive, ensuring that all industries benefit from its offerings. With no minimum revenue or employee requirements, it’s accessible to businesses at any stage.

Applying for this program could be a pivotal step for your business. Being approved means unlocking financial support and guidance that empowers you to thrive. The process is straightforward, making it easy for you to take advantage of this opportunity and enhance your business's potential.

Type of Financing

This program offers a combination of financing options, including loans and grants. The loans come with a repayment term of up to five years and an interest rate of 4%. This means that for every $1,000 you borrow, you’ll pay back a bit more than $1,200 over the term, including interest. Grants, on the other hand, do not require repayment, allowing you to utilize the funds freely to grow your business.

Eligible Expenses

You can use the funds for a variety of eligible expenses, such as:

• Equipment purchases
• Leasehold improvements
• Marketing and advertising
• Working capital to cover operational expenses

What Funds Can't Be Used For

It's important to note that the funds cannot be used for personal expenses or to refinance existing debt. Additionally, there are no hidden fees attached to this program, so you won't have any surprise costs while you're applying or after you've received funding.

• Location: Business must be located downtown.
• Sectors: Open to all sectors.
• Ownership: Available to all groups.
• Employees: No minimum or maximum number of employees required.
• Company Revenue: No minimum or maximum revenue qualifications.
• Legal Structure: All legal structures applicable.
• Profit Structure: All profit structures applicable.

Disqualifications

• None specified in the context.

The Entrepreneur Support Fund is a great opportunity for you to launch, grow, or stabilize your business. It offers monetary support, including loans and grants, which you can use for various purposes such as expanding your operations, purchasing equipment, or covering operational costs.

You’ll also gain access to expert-led workshops that can provide valuable knowledge and skills to improve your business. This program is designed to support all industries, meaning you can truly make it work for your specific needs.

What's more, there's no set budget or limit on funding amounts, which gives you flexibility to pursue your goals without constraints. You won't have to worry about minimum revenue or employee requirements, making this program accessible to everyone looking to take that next step.