FINANCING FOR SMALL BUSINESS GROWTH

Overview of the FINANCING FOR SMALL BUSINESS GROWTH program:

Whether you need a small amount to attend an event or trade show, or up to $10,000 to launch or grow your business, our low-interest loans and mentorship can support you.

Benefits of the FINANCING FOR SMALL BUSINESS GROWTH program:

• We offer low-interest business loans based on your stage of business development, the viability of the business concept and your capacity to repay. Eligible entrepreneurs can access loans up to $10,000, with an average initial loan size of $4,000.
• We offer a low interest rate with an average loan term of 3 years.
• Repayment starts 30 days post loan disbursement.
• There are absolutely no hidden fees at all.
• Rise is a character-based lender. We look at both the person and the business. Although we do consider credit history in making our lending decisions, we look at more than just a credit score. We consider the individuals commitment to take the necessary steps to get their finances back on track.

Eligibility criteria of the FINANCING FOR SMALL BUSINESS GROWTH program:

• Eligible individuals must:
• Be motivated entrepreneurs
• Self-identify as an individual who has experienced mental health and/or addiction challenges
• Be unable to access traditional bank financing for their small business
• Not be in active bankruptcy, behind on child support payments or government taxes.
• Reside in Canada
• Be a Canadian citizen or Permanent Resident