Frequently Asked Questions
Any of the following can apply for a loan:
- Legal partnerships
- Registered sole proprietors
- Not-for-profit corporations engaged in for profit business activities
Allow for 4-6 weeks from receipt of a comprehensive business plan and fee
Interest rates vary with the level of risk.
Thunder Bay Ventures is here to generate economic development. We take on more risk than a bank would.
A $100 non-refundable business plan review fee
Loans are amortized over the reasonable life of the project. Generally, this is not more than five years.
Yes, Thunder Bay Ventures takes a reasonable amount of collateral to secure our loans.
Sole proprietorships are the simplest forms of business and only require you to go and start making sales.
You can register your trade name at https://www.ontario.ca/page/register-business-name-limited-partnership
Thunder Bay Ventures looks to strengthen and diversify the local economy through funding, business support services, community economic development and strategic planning
Our communities include Thunder Bay, Oliver Paipoonge, Shuniah, Neebing, Conmee, O’Connor, Gilles, Gull Bay First Nation, Whitesands First Nation, and Armstrong Station
Do you have questions? Connect with an associate
Thunder Bay Ventures is here to help you and your business. Small business is the backbone of Northwestern of Ontario and we are here to answer any questions you may have. Fill out our contact form and an associate will get back to you as soon as possible.