Loans for Business

Get a Loan To Start or Grow Your Business

ACCESS Community Capital Fund helps people get affordable loans up to $5,000 for their business.

Loans can be used to start or expand a business within the Greater Toronto & Hamilton Area.
ACCESS also provides supports and assistance to applicants and borrowers.

How Does It Work?

Successful loans are disbursed through our financial partners Alterna Savings Credit Union or CIBC.
The term of the loan is between 12 to 36 months.
The interest rate on the loan is Bank Prime (3.45% as of January 2018) + 1.25% = 4.7%.
We also charge a one-time 5% admin fee on the loan ($250 on a $5000 loan).

Who Can Apply For a Loan?

    To apply for a loan, you:
  • Must be 18 years of age or older;
  • Must be a Canadian Citizen, Permanent Resident or Convention Refugee,
    with the legal right to work in Canada;
  • Must live within the Greater Toronto and Hamilton Area (GTHA);
  • Must be in good standing with CRA:
    Up to date on your taxes and not owing
    Have a payment plan in place with CRA and have made at least 3 consecutive monthly payments;
  • Must have an annual household income of $40,000 or less;
  • Must not be currently undergoing a bankruptcy or consumer proposal
    Or have been discharged for at least six months (we will need to see discharge papers);

    You Can Apply for a Microloan If Your Business Is:
  • Located in the Greater Toronto & Hamilton Area (GTHA);
  • Offering a product or service;
  • Legally registered (in the case of a partnership or corporation with more than one director, all partners and directors must be willing to co-sign for loan).

How Do I Apply For a Loan?

If you fit all of the above eligibility criteria, please submit the following documents by email to or in person or by mail to:

ACCESS Community Capital Fund
401 Richmond St. W, Studio 252
Toronto, ON, M5V 3A8

Required Documents:

  • Application form - Word - PDF;
  • Business plan - Template Here;
  • 12-Month cash flow projection (Must include the ACCESS loan and loan payments);
    You can use our template;
  • Your Credit Report & Score;
    You can get your credit report from Equifax or TransUnion or by visiting Equifax at 5700 Yonge St, Toronto
  • Resume;
  • Your most recent Notice of Assessment from the CRA (2016);
  • Your business license or articles of incorporation.

* If your business is a partnership or a corporation with more than one director, we will require the Credit Report and Notice of Assessment of all partners or directors listed on your Master Business License or Articles of Incorporation.

You will be required to open a bank account with our financial partner where your loan will be disbursed. It is the same account you will use to make your loan payments.