Microloans

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Microloans

Microloans have helped many small entrepreneurs to start or to develop a business idea. For the first time in Canada, LaunchTO provides a solution to small entrepreneurs or low-income individuals getting the adequate financing to the excluded from the mainstream financial services.

You may borrow from $1,000 to $25,000 for any business purpose or start-up phase.

Qualification Criteria

icon launchto Legally resident in Canada either as a Canadian Citizen or as a Landed Immigrant or legal entity controlled by a legal resident of Canada who is either a Canadian Citizen or Landed Immigrant
 Unable to access traditional financing
icon launchto Resident or carrying on business in the Province of Ontario
icon launchto A minimum of eighteen (18) years old (for individuals)
icon launchtoUnemployed, or employed in a low wage sector or receiving income from a government safety net program
icon launchto Income and assets under $30K
icon launchto Seasonal, part-time, full-time, start-up or existing business
icon launchto Business Plan, or Business Summary or Business Model Canvas depending on credit score

How to borrow from LaunchTO?

You have two ways to apply for loans. You may want to sign up for First Venture Program (FVP) to learn how to prepare your business plan or business canvas or you may apply directly.
Apply now (opens up small loan application)