FUNDING AND FINANCIAL ASSISTANCE

Funding options for your business in Thunder Bay and surrounding areas

Thunder Bay Ventures provides financial assistance to businesses in the Thunder Bay CMA. We finance new business startups as well as expansions to existing businesses in amounts up to $600,000.

The Business Loan Calculator is for information purposes only and in no way constitutes a loan offer to the user

Business Loan Calculator
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BUSINESS LOANS

Calculate your business future with our online resources and business loan calculator

Thunder Bay Ventures has procured business resources for the local entrepreneur click here to access these free resources to use in your business.

Term Loans

Thunder Bay Ventures provides financial assistance to businesses in the Thunder Bay CMA. We finance new business starts as well as expansions to existing businesses in amounts up to $300,000.

 

Microloans

This microloan product will be a new offering from Thunder Bay Ventures. It will seek to be a simpler and quicker way of getting smaller investment amounts approved and disbursed.  By creating this new class of loan product, TBV hopes to get more dollars into the business community creating more jobs and creating more economic activity.

 

NWOIP Loans

Community Futures Development Corporations (CFDCs) in Northwestern Ontario now have the ability to provide loans to Northwestern Ontario businesses in excess of their normal lending cap of $300,000, to as much as $600,000. With the help of the CFDCs’ funding partner, FedNor/Industry Canada, these loans are available to Northwestern Ontario Businesses for starting a new business or expanding an existing

 

RRRF Loans

Business has been impacted by Covid -19, must not have received other government assistance/ financial relief (CEBA). Businesses must show a regression in revenue because of Covid-19. The loan is 75% repayable if paid prior to December 2022.

 

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.

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