Financing

To start a business, you need money to get it 'off the ground'. There are many expenses when starting and running a business such as the purchase of equipment, supplies and payment of rent etc. You should first look at your own personal contribution to the business and then consider other sources if there is a need for additional financial support. The following is a list of sources for financial support, but most also offer other services and support. Each one has its own guidelines for support.

Contact or click on the following links to find out more information:

• Canadian Youth Business Foundation Loan Funds
• Ontario Business Call Centre
  Business Start-Up Financing Info-Guide.
• Summer Company
  The Ministry of Economic Trade and Development, provides information and Hands-on business training and mentoring. This program also offers awards of up to $3,000 - to help you get your summer business started.
• My Company
  This program is also offered by the Ministry of Economic Trade and Development. It combines hands-on business training and the availability of competitive loans of up to $15,000 to help you start and run your own business.
• Canadian Venture Capital Association
  Promoting the use of venture capital to support the development of small and medium-sized growth businesses in Canada.
• Small Business Loans Administration
  The Canada Small Business Financing program is a loan guarantee program delivered by financial institutions across Canada. We therefore encourage you to communicate directly with the financial institution of your choice to discuss how this program can respond to your specific
  financial requirements.
• Canadian Bankers Association
  The Canadian Bankers Association (CBA) is a professional industry association that provides its members - the chartered banks of Canada - with information, research, advocacy and operational support services. Established in 1891, the CBA is the main representative body for banks in Canada and today represents over 40 domestic and foreign-chartered banks in Canada.
• Royal Bank
  We offer a wide range of competitively priced loan and leasing options. Flexible terms, conditions and payment schedules put you in the driver's seat and let you manage your credit your way.
• CIBC
  We offer a broad range of innovative products to meet and simplify all your cash management needs.
• Bank of Montreal
  The customized tools your business needs for financial success.
• National Bank of Canada
  To help make it easier for you to manage your business and save considerably at the same time, the National Bank offers a full range of highly efficient products and services. Business accounts, banking packages, virtual banking and payroll solutions are just a few of the tools specially designed to meet your needs. You'll be impressed by the many options that let you spend more time on your business... and less on ours!
• Scotia Bank
  Our goal is simple. To provide you with practical solutions that put you in control of your day-to-day business and personal banking.
• Canada Trust
  At TD Canada Trust Small Business Banking, we provide easy access to simple products and services. Browse through our website and discover ways that TD Canada Trust Small Business Banking can help your business.
• Laurentian Bank Of Canada
  Our "Small business privileges" program was created with an entrepreneurial determination, which ensures the accessibility, priority and support meet and exceed your expectations.
• Business Development Bank of Canada
  The Business Development Bank of Canada (BDC) is Canada's small business bank. BDC plays a leadership role in delivering timely and relevant financial and management services, with a particular focus on the emerging and exporting sectors of the economy.
• Industry Canada
  Search the Sources of Financing database for a wide spectrum of financial providers from the private and public sectors that may address your particular business needs. You have the options of searching financing providers that are located in your area or those that are offering financing services to your area.
• Canada Small Business Financing (CSBF) Program
  The CSBF Program, under the Canada Small Business Financing Act, can assist businesses in obtaining term loans of up to $250 000 to help finance fixed asset needs. The loans are made directly by a qualified lender (chartered banks, caisses populaires, Alberta Treasury Branches, most credit unions, many trust, loan and insurance companies).
• Community Futures Development Corporations In Ontario
  Local Solutions for Local Economies.
  'In Pursuit Of Economic Opportunity'
• Business Support Financing Strategis Canada
  Strategis is produced by Industry Canada a department of the Federal government.
  The department's mission is to work with Canadians to build a growing competitive, knowledge-based economy.
• Canada-Ontario Business Services Centre
  As the information gateway for Ontario business to access federal and provincial programs and services for business, we can help you find answers to your business start-up, business growth, and exporting questions in several ways.