Deadline To Apply: May 4, 2018

Program Details:

Are you an established Social Enterprise looking for an opportunity to grow?

If so, explore the

Mixed Capital Opportunities Fund (Mixed Cap)

Out of this World Cafe used Mixed Cap to purchase a new equipment and increased capacity for food production.

How could your social enterprise use Mixed Cap?

The Mixed Cap facilitates the expansion of early stage, high growth non-profit social enterprises by providing a hybrid form of capital, comprised of a combined loan (50%) and grant (50%). Funds are for a business opportunity that requires staffing up, stocking up or purchasing capital equipment.

Features:

  • Enterprises can apply for between $10,000 and $30,000 in total investment (split equally between a loan and a grant).
  • In exceptional cases, up to $50,000 may be approved; security/collateral may be required in these instances.
  • The loan portion will be in the form of a Term Loan and/or Line of Credit (LOC must be secured) at competitive interest rates.

Selection Criteria:

  • The identification of a solid business opportunity.
  • Be owned and operated by an incorporated non-profit organization.
  • Located and operating in the Greater Toronto-Hamilton area.
  • Demonstrate job creation potential, particularly for disadvantaged groups.

Application Process:

  • Attend a mandatory information session. The next session will take place on April 12th from 12:00pm – 1:30pm
  • Meet for at least one hour with Toronto Enterprise Fund staff.
  • Submit a business plan, in the form provided, for the business opportunity or need identified by May 4th, 2018.
  • A review committee will first approve the application and it will then proceed through Alterna’s standard loan approval process.

For more information on Mixed Cap, and to review the application and business plan forms, visit the TEF website.

This innovative collaboration between the Toronto Enterprise Fund (TEF) and Alterna Savings is making debt financing more accessible to social enterprises. Mixed Cap is funded by the Province of Ontario and United Way Toronto & York Region, with all loan financing coming from Alterna Savings.

Eligibility Criteria:

Selection Criteria:

  • The identification of a solid business opportunity.
  • Be owned and operated by an incorporated non-profit organization.
  • Located and operating in the Greater Toronto-Hamilton area.
  • Demonstrate job creation potential, particularly for disadvantaged groups.

Critical Dates:

Webinar on April 12th from 12pm to 1:30pm

Application deadline: May 4

Organizer Name: Toronto Enterprise Fund
Contact Name: Paul Chamberlain