Need funding for your small business? Having trouble navigating what’s available? Don’t worry, we’ve got you! Innovation Guelph has compiled a list of current funding available and we’re committed to maintaining this so you can trust it’s accuracy!
Southwestern Ontario Development Fund
The Southwestern Ontario Development Fund provides support for projects and investments to businesses, municipalities, and not-for-profit organizations for economic development in southwestern Ontario. The deadline for application period 7 is September 9.
Canada Emergency Wage Subsidy (CEWS)
CEWS covers part of your employee wages. It aims to enable business owners to re-hire workers, help prevent further job losses, and ease your business back into normal operations. The last day to apply for claim period 12 (January 17 2020– February 13 2021) is August 12. Application deadline for current claim period 17 (June 6 2021– July 3 2021) is due December 30 2021. You must confirm your eligibility each claim period of four weeks.
OBIO Business Development Skills Program
This program is no longer accepting applications.
Black Entrepreneur Startup Program
For Black entrepreneurs age 18-39 provides startup loan financing and up to two years of mentorship, plus access to resources and networking opportunities with fellow entrepreneurs across Canada.
Canada Emergency Business Account
This program is no longer accepting new applications. For more information regarding the status of your application, visit the Canada Emergency Business Account website.
Canada Emergency Rent Subsidy
Canadian businesses, non-profit organizations, or charities who have seen a drop in revenue during the COVID-19 pandemic may be eligible for a subsidy to cover part of their commercial rent or property expenses. Application deadline for period 5 (January 17 2020 – February 13 2021) is August 12. Current period 10 (June 6 2021 – July 3 2021) deadline is December 30 2021. You must confirm your eligibility each claim period of four weeks.
Highly Affected Sectors Credit Availability Program (HASCAP)
Businesses heavily impacted by Covid-19 such as tourism and hospitality may be eligible for HASCAP. The program offers loans from $25,000 to $1 million to help with operation costs. The HASCAP Guarantee is has been extended to December 31, 2021.
Afro Caribbean Business Network MicroLoan Fund
This fund was created to provide $500 to $15,000 loans to Black entrepreneurs having trouble getting funding at traditional banks.
Regional Development Agencies (RDAs)
Budget 2021 recognizes RDAs as key partners to support economic recovery, diversification and innovation. Subject to parliamentary approval, Budget 2021 proposes a series of Canada-wide measures to be delivered by RDAs to provide targeted investments to support inclusive growth and the recovery of hard-hit sectors, including FedDev Ontario’s Regional Relief and Recovery Fund (RRRF).