Buyer Financing – Export Development Canada

The Buyer Financing program is organized by Export Development Canada. EDC provides financing directly to a foreign buyer of Canadian goods and services and in these situations takes the risk of non-payment and disburses the funds directly to the company. Generally, financing is provided for up to 85 per cent of the value of the…

BDC Market Xpansion Financing

The Business Development Bank of Canada is a crown corporation created to help grow Canadian SMEs by providing financial and consulting services that complement the private sector financial institutions. The BDC’s Marketing Expansion Loan can provide extra money for specific repayment terms for maximum flexibility. This program was designed to aid Canadian entrepreneurs in growing…

Ontario Flagship Program – Anchoring Global Medical R&D to Ontario

The Health Technology Exchange is providing assistance to Ontario-based medical manufacturers looking to keep large-scale global R&D projects in Ontario. The Ontario Flagship Program aims to take advantage of Ontario’s high-skilled researchers and resources by providing financial aid to keep R&D activities from being outsourced internationally. Funding Amount & Eligibility The Ontario Flagship Program is…

Medical Grant for Clinical Evaluation – Technology Implementation Program

We have profiled how healthcare R&D projects can tap into funds related to pre-commercialization and commercialization of new technologies. Companies that have missed out on, or already benefited from, these funding mechanisms can utilize the Technology Implementation Program (TIP). This program, funded by The Health Technology Exchange (HTX), is designed to assist late-stage testing of…

Regional Funding Resources – Top 5 Smart Development Programs

Are you looking for help financing your business, but having difficulty covering the expenses through conventional financing channels? There are several regional funding resources at your disposal to aid your business. These development programs aim to help businesses and create jobs to help the local economy. We, here at Mentor Works, have outlined a few…

Additional Credit for Export Development

Export Development Canada in partnership with Mercantile Finance Services Ltd., can provide unsecured loans of up to $50,000 for a two year term to support Canadian companies with export business development goals. My clients have enjoyed these funds to assist them with increase production capacity for exporting, attending trade shows or new marketing efforts for…

Canadian Small Business Financing Act

The Canada Small Business Financing Program seeks to increase the availability of loans for establishing, expanding, modernizing and improving small businesses. Under the program, a small business must apply for a loan at a financial institution (bank or credit union) of its choice. If the loan is granted by the financial institution, the federal government…

Community Adjustment Fund – Last Call for Submissions

The second Intake of CAF provides support to SME’s in Southern Ontario through a federal loan mechanism, at zero percent for 10 years. Community Adjustment Fund will prioritize manufacturing communities that depend on a single industry and has a population of less than $250,000, and supports economic recovery and job creation. The focus is on…

The Canadian Youth Business Foundation (CYBF)

The Canadian Youth Business Foundation (CYBF) is a national charity providing start-up mentoring, financing and business resources to help young Canadians between the ages of 18 and 34 years of age. Business start-up loans of up to $15,000 are available, with loan repayment schedules of between three and five years. Initiative Updated: $10 million of…