Loan · repayable

Southwestern Ontario Development Fund - Business project loans

Government of Ontario, Ministry of Economic Development, Job Creation and Trade · Ontario

ClosedGeneral
Funding
Loan up to $5,000,000
Borrow up to $5,000,000 — repayable, not a payout
Deadline
Closed
Closed — not accepting applications.
Type
Loan · repayable
Company stage
SME

Overview

Provides loans of up to $5 million plus advisory services for growing companies in southwestern (and eastern) Ontario to expand, improve productivity, invest in innovation and skills, pursue new markets and create jobs.

Who can apply

  • At least 3 years of operations/financial statements
  • employ at least 10 people (or 5 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 ($200,000 rural)
  • located in or planning to locate in one of 18 southwestern Ontario geographic areas.
  • Stand-alone restaurants and hotels not eligible unless transformative and a regional priority.
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What it can pay for

Business ExpansionCapital / EquipmentR&DAdvisoryHiringExportTechnology adoption

Past recipients

No public list of past recipients is linked for this program yet.

Official source

Program details change. Always confirm eligibility, amounts and deadlines on the official page before you apply.

Official program page →

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Last checked by SeedPort: Aug 11, 2026. SeedPort is not affiliated with the funder. Information is summarized from public sources and may be out of date.