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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.

Do you qualify?

To be eligible for a Micro Business Loan, you must:

  • Have completed one of Momentum’s business training programs within the past six months
  • Complete a business plan
  • Have updated business financials
  • Fill out an application form
  • Not have any undischarged bankruptcies
  • Be ready, willing and able to start a business
  • Be unable to access traditional business financing
  • Be an owner/operator with at least 51% ownership
  • Live in Calgary or surrounding areas (Airdrie, Canmore, Cochrane Chestermere Okotoks)


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