Financing Resources for Business

Community Futures Small Business Lending Program (CFP)
Offers Business Loans of up to $ 250,000.00 to Small Business (less than 500 employees) within the Municipality of Chatham-Kent.
And you are here !
To find out about our Community Futures Development Corporation of Chatham-Kent (CFDCCK) Business Loan Criteria, Terms, Interest Rates and Fees click here !

Chatham-Kent Microlending Program
This Program can provide a business loan of up to $ 5,000.00.
Due to the great interest from the Chatham-Kent entrepreneurial community, unfortunately the Chatham-Kent Microlending Program application process is closed until funds are replenished.

Starter Company + Program
Provides business training to individuals over the age of 18, and grants up to $ 5,000.00 to start and grow a new or existing business.
This Program offers a limited number of grants to applicants who meet the Program requirements.

Canada Small Business Financing Program (CSBFP)
Offers business loans of up to $ 1 million dollars, of which no more than $ 350,000.00 can be used to finance the purchase or improvement of equipment and the purchase of leasehold improvements.
This Program is eligible to most start-ups and existing for-profit small businesses in Canada with gross revenues of $ 10 million or less. Such businesses can be corporations, sole proprietors, partnerships or cooperatives.

Government of Canada Strategic Innovation Fund
A simpler, more flexible tool to grow Canada’s economy.
Specifically, it services to simplify application processes, accelerate processing, and provide assistance that is more responsive and focused on results.

This Fund allocates repayable and non-repayable contributions to firms of all sizes across all of Canada’s industrial and technology sectors. The program has a budget of $ 1.26 billion over five years.

The program has 4 Streams, each with its own precise objective:

  • Stream 1: Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services;
  • Stream 2: Facilitate the growth and expansion of firms in Canada;
  • Stream 3: Attract and retain large scale investments to Canada; and
  • Stream 4: Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.


Business Development Bank of Canada (BDC)
Offers business loans of up to $ 100,000.00.
No application fees.
100% online application.
To be eligible you must be in operation for at least 24 months, operate a Canadian company, and have reached the age of majority.

Southern Ontario Fund for Investment in Innovation (SOFII) Program
This Program supports high-growth, innovative Small and Medium-sized Enterprises (SMEs) in rural and urban Southwestern Ontario communities by offering business loans of $ 150,000.00 to $ 500,000.00 to support all aspects of growth challenges facing them.
Launched by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), the program offers $ 20-million through its Prosperity Initiative.
The loans are intended to help finance late stage commercialization, new product or service development, new applications or markets, or development or implementation of new processes or technologies.

Canada-Ontario Job Grant
This Job Grant can provide up to $ 10,000.00 per person financial support to individual employers who wish to purchase training for their employees.
Employers are required to contribute one-third of the total costs. There will be additional flexibility for small businesses to provide an in-kind contribution towards their share of the costs.
Training must be delivered by an eligible, third-party trainer.

Futurpreneur Canada
Provides financing, mentoring and expertise to aspiring business owners aged 18 – 39 and ready to launch a business.
Collateral-free loans are available up to $ 15,000.00 per business. (If you need more money, the BDC may provide up to $ 30,000.00.)

Summer Company Program for Students
Program of the government of Ontario that helps young people between 15 and 29 years old, start and run their own new, and eligible summer business by providing up to $ 3,000.00 in funding, hands-on coaching, and mentoring from business leaders in your community and the Program provider.

Funding: Canada Summer Jobs
Provides funding to help employers create summer job opportunities for students aged 15 to 30 years old. It is designed to focus on local priorities, while helping both students and their communities.

Rise Asset Development (RISE)
Provides low interest small business loans, free training & mentorship to men and women with a history of mental health or additions challenges.

Canada Business Network – Government Grants and Financing
Entrepreneurs often report that getting financing is the most challenging aspect of starting or growing a business. If you are looking for money for your business, you should start by learning about the different types of financing that are available and assessing which one is best for your needs. You can also reduce your need for loans by managing your finances effectively.

TechAlliance of Southwestern Ontario
This organization is the Regional Innovation Centre (RIC) for the Ontario Ministry of Research and Innovation. It is part of the Ontario Network of Excellence (ONE) which is a provincial network delivering programs and resources to help technology-based companies – existing, start up and even pre-startup. This includes access to project funding and investor networks. Services are available at no cost to the companies and entrepreneurs. It is based in London, Ontario and does serve the Chatham-Kent area.