Micro Business Loans

You can apply for up to $10,000 in funding for your business if you have a completed one of Momentum’s Business Development programs, have a business plan, and acceptable credit history.

Sometimes you need a little extra support to start or expand your business, but may face difficulty getting a loan from a bank or credit union. You may be eligible to receive a Momentum Micro Business Loan – where your character and commitment towards your business mean more than your credit history.

The Micro Business Loan can be used to pay for business costs such as: licensing and registration, tools or equipment, advertising and marketing, relevant trade show attendance, and/or inventory, and more.

Duration
Repayment terms of two to five years.
Cost
Available at business prime plus 2% interest rate.
Apply

To apply for a Micro Business Loan you must first have completed one of Momentum’s business training programs. For more information please speak to your program Facilitator, call us at 403 204 2657, or email business@momentum.org.

Financial Partners