Eastern Ontario Development Fund — Business project loans

Overview

Access loans of up to $5 million to cover up to 15% of eligible costs for projects that encourage innovation, collaboration, cluster development, job creation and private sector investment in eastern Ontario.

At a glance

Eligibility and requirements

You Have at least 3 years of operations/financial statements Employ at least 10 people (or 5 if you are in rural Ontario) Commit to creating at least 5 new jobs (or 30% increase for companies with fewer than 15 employees) Invest at least $500,000 in the project (or $200,000 if you are in rural Ontario) Are located in, or plan to locate in, a community in eastern Ontario Use this to Grow your business Improve productivity Invest in innovation and skills development Pursue new markets Generate broad positive regional economic impact Create new good, sustainable jobs Other You may also be eligible for other assistance related to advisory services, assistance with environmental compliance approvals, assistance in accessing skills and talent, and information related to leveraging available tax credits.

How Mona Studio helps business owners use this program

Eastern Ontario Development Fund — Business project loans is one of many Canadian funding options listed in our grant finder. Mona Studio helps general teams translate program requirements into a practical workflow or AI adoption scope for leadership review, grant writers, and lenders. We summarize eligibility and funding here for discovery — confirm all details on the official program website before applying.

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