Hey, I wanted to share some info with you about loans for new immigrant entrepreneurs. There are actually quite a few programs out there that you can take advantage of.
Access Community Capital Fund
It provides affordable loans up to $5000, along with free business coaching services.
BDC Newcomer Entrepreneur Loan
This program assists new immigrant entrepreneurs facing business challenges by providing funding ranging from $25000 to $50,000.
Futurpreneur Newcomer Program
This program offers loans of up to $25000 to entrepreneurs who are new to Canada, without the need for a credit history.
Crowdfunding campaigns raise money from the general public and give them special rewards or an ownership stake.
VentureLAB: Entrepreneurship Fund:
To receive up to $10,000 in funding from VentureLAB, you must provide matching funds equal to the amount requested.
SWITCH- W Fund
It's an investment method for Companies that can get funding by asking people to invest, making them shareholders. This helps both the company and the investors.
Access Community Capital Fund:
Women's Business Accelerator (WBA)
It's a free online workshop series that will help you with the tools you need to make a profitable business.
Immigrant Loan Program -
This program offers loans of up to $20,000 for businesses registered by new temporary residents.
Immigrant Small Business Loan Program
This program helps immigrants with up to $500,000 start, expand or purchase a small business.
Short Term Loan
The loan requires repayment within a short period, ranging from a few months to a year.