Southwestern Ontario Development Fund — Business project loans
Government of Ontario, Ministry of Economic Development, Job Creation and Trade
Overview
Access loans of up to $5 million and advisory services for growing companies in eastern and southwestern Ontario.
At a glance
| Categories | loan |
|---|---|
| Funding | $5,000,000 (up to 15% of eligible costs) |
| Status | Not accepting applications |
| Region | ON |
| Sectors | professional services |
Eligibility and requirements
You Have at least 3 years of operations/financial statements Employ at least 10 people (or 5 if you are in rural Ontario) Commit to creating at least 5 new jobs (or 30% increase for companies with fewer than 15 employees) Invest at least $500,000 in your project (or $200,000 if you are in rural Ontario) Are located in, or plan to locate in, a community in southwestern Ontario Note: Stand-alone restaurants and hotels are not eligible, unless transformative and considered a regional priority. Use this to Grow your businesses Improve productivity Invest in innovation and skills development Pursue new markets Generate broad positive regional economic impact Create new good, sustainable jobs Other Southwestern Ontario includes the following 18 geographic areas: Brant, Bruce, Chatham-Kent, Dufferin, Elgin, Essex, Grey, Haldimand, Huron, Lambton, Middlesex, Niagara, Norfolk, Oxford, Perth, Simcoe, Waterloo, Wellington
How Mona Studio helps business owners use this program
Southwestern Ontario Development Fund — Business project loans is one of many Canadian funding options listed in our grant finder. Mona Studio helps professional services teams translate program requirements into a practical workflow or AI adoption scope for leadership review, grant writers, and lenders. We summarize eligibility and funding here for discovery — confirm all details on the official program website before applying.
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