Programs & Resources
Alterna is guided by our commitment to support the well-being of our members, employees and communities. We promote community economic development through programs that serve both individuals, such as our Microfinance program, and our work that supports the financial resilience of the non-profit sector.
Grant Deadline
2024-07-04
Funding Amount
Deadline not available
Type of Grant
Training
Sectors
Finance, Educational Services, Community
Demographics
Incorporation
For Profit
Perks
Region Restriction
This grant is restricted to whole of Canada
Keywords
Age Restriction
This grant is age restricted from 18 to 100
Eligibility and Requirements
Program Details
- Up to $25,000 for entrepreneurs
- A built-in micro-savings component to bolster resilience
- Focus segments include:
- Low-income earners
- Professional development
- Skilled professionals and trades
- Social entrepreneurs and enterprise
- Women entrepreneurs
- Black entrepreneurs
Additional Support
- One-on-one consultation
- Financial education
- Credit Building
- Workshops and tools
- Wrap around support
Qualified low-income individuals can access loans of up to $5,000 to support the startup or growth of their full or part-time business.
To qualify, you must:
- Be a legal resident of Canada
- Be at least 18 years old
- Work and live in Alterna’s service area
- Operate a legal, seasonal, full time or part-time business
- Entering self-employment with income or assets under $30,000
You will need:
- To meet with a representative from our Microfinance Team for an interview
- To provide a business summary or business plan
- 12 months projected cash flow
- Proof of personal income
- Six months of bank statements
- Photo identification
Grant Application website
Contact
1.877.560.0100