BDC business loans
Business financing with product-specific underwriting and terms. Direct lending typically requires revenue history; earlier founders may fit BDC partner programs.
- Geography
- Canada
- Amount
- Amount not publicly stated
Capital
Every realistic way to fund a startup in Toronto, from non-dilutive grants to institutional venture capital.

Business financing with product-specific underwriting and terms. Direct lending typically requires revenue history; earlier founders may fit BDC partner programs.
Lender-delivered financing for eligible business assets and working capital. Interest, a 2% registration fee, security and possible personal guarantees must be included in the cost comparison.
2026–27 funding covers up to 50% of eligible export-project costs. The intake closed August 31, 2026 at noon Eastern; the official page has not announced the next intake.
15% basic ITC; qualifying corporations can earn 35% within their expenditure limit. Eligibility, refundability and assistance adjustments must be assessed for the claim year.
Loan financing up to $75,000 including BDC financing, with up to two years of mentorship, for eligible Canadian citizens/permanent residents aged 18–39. Prepare a business plan and 24-month cash flow. The application route is available; no fixed deadline is stated.
Invest Ontario Fund provides tailored grants or loans for eligible high-impact investment projects in Ontario. Verify current fit and intake with the official source before applying.
Conditional contribution up to 50% of eligible project costs, maximum $200,000, for eligible new Northern Ontario businesses. Owner works full time and contributes at least 15%. Sector exclusions apply; not a Toronto-location grant. Official application route available, no fixed Launch deadline stated.
Project-specific innovation support for incorporated, for-profit Canadian technology companies with up to 500 employees. Funding is assessed individually.
20% refundable credit on qualified expenditures under an eligible contract with an eligible research institute. Ordinary R&D contracting does not automatically qualify.
For eligible screen projects with prior Ontario Creates Production investment. Linear content: up to 75%, maximum $25,000; interactive: up to 50%, maximum $50,000. Continuous submissions close December 16, 2026 at 5 p.m. Eastern. This is not a general software grant.
8% refundable credit for qualifying Ontario SR&ED corporations, subject to eligible expenditure and expenditure-limit rules.
Ontario Job Grant helps eligible Ontario employers pay for approved third-party employee training. Verify current fit and intake with the official source before applying.
3.5% non-refundable credit on eligible Ontario SR&ED expenditures; unused credit can generally carry back three years or forward twenty.
Interest-bearing loans of $150,000–$500,000 for innovative, high-growth SMEs in southern Ontario. No application fee and no early-repayment penalty. Contact the regional office through the official postal-code lookup; no fixed intake deadline is published.
Starter Company Plus offers grant support for eligible applicants in Ontario. Verify current fit and intake with the official source before applying.
Seasonal award and mentoring for eligible Ontario students aged 15–29. Toronto applications are closed now; the City announces January 25–May 21, 2027 for its next intake. Other local providers set their own dates.
Loans up to $50,000 for eligible businesses over 50% women-owned, with gross annual revenue up to $2 million. Applicants must be 19+, Canadian citizens/permanent residents living in Canada. Start with a regional loan partner; no fixed deadline stated. Repayable financing, not a grant.
Announced pilot combining up to $50,000 from WEOC with up to $150,000 from BDC, subject to approval. Planned for late 2026, but applications have not opened and final eligibility/application terms are not yet published. Keep separate from the available National Loan Program.
Women Entrepreneurship Loan Fund provides loans through approved delivery organizations to women starting or growing businesses in Canada. Verify current fit and intake with the official source before applying.
Start with the work the business needs to complete: validate demand, deliver a product, win repeat customers or expand a proven operation. Estimate the cost of that work and the cash needed to run the business until it is complete. This gives you a financing requirement you can explain, rather than a round size chosen because another startup raised it.
The Canada and Ontario funding articles describe several routes that can be combined. Customer revenue pays for delivery, a loan creates a repayment obligation, a grant or contribution supports defined work, and equity introduces owners. Choose the combination that fits your project, cash timing and willingness to share ownership.
A lender, government program and investor will ask different questions, but they should receive a consistent account of your company. Maintain a business overview, ownership records, customer evidence, financial information and a project budget. Tailor the explanation to the funding route without changing the underlying numbers.
Keep an application record showing what you submitted, the assumptions behind it and the next action. That makes follow-up easier and prevents two applications from promising the same costs or milestones in incompatible ways.
Funding fundamentals
Write down the milestone, the costs needed to reach it and when those costs must be paid. Alex Morsink’s raise-size workshop separates the current burn rate from development work that has not started yet. Include the people, delivery and operating costs that accompany that work.
The funding-source discussions compare grants, tax credits, loans, guarantees and equity. They can support different costs and create different obligations. A tax credit based on spending does not provide the same timing as money received before a project begins. Debt needs a repayment plan; equity changes ownership and the relationship with investors.
Use the Funding Score workshop to expose assumptions in the market, team, sales cycle and financial plan. Support the claims with customer evidence. Choose funding that fits the business you can demonstrate and the next result you intend to produce.
TorontoStarts · March 2021
A discussion of grants, tax credits, loans, loan guarantees and equity, including early-stage spending and different crowdfunding models. Compare what each source pays for and when the company can access it.
Watch on YouTubeTorontoStarts · September 2020
Alex Morsink connects the amount to raise with burn rate, development costs, milestones and financing assumptions. The workshop helps founders build a budget for specific progress and think through the valuation conversation.
Watch on YouTubeTorontoStarts · April 2021
A workshop on finding funding that matches the company, with a Fundica demonstration and discussion of grants, incurred costs and R&D support. The search examples show why stage, location and project details affect the options.
Watch on YouTubeTorontoStarts · May 2021
The Startup Coach examines the business through an investor’s eyes: evidence, market, team, financial assumptions and the sales cycle. Use the score exercise to identify preparation work rather than as a promise of funding.
Watch on YouTubeTorontoStarts · April 2022
Swoop Canada discusses funding options, co-funding a project and comparing financing and business costs. The 2022 examples connect the funding search to the company’s practical needs.
Watch on YouTubeTorontoStarts · January 2021
A 2021 workshop on technology and innovation funding, including R&D support and programs available at that time. It also covers pandemic-era assistance; use the recorded program examples as historical context.
Watch on YouTubeBefore an investor round
The bootstrapping session starts with the smallest useful offer you can sell and deliver. A service or manual step may let you earn revenue while developing the technology. Identify what the customer will receive now and how delivery will improve as the business grows.
The pre-investor funding panel describes the difficulty of finding program support at the earliest stage. Match support to costs and projects you actually plan to undertake. Use the grants guide to investigate a shortlist, rather than assuming every new company qualifies.
First-time fundraising advice connects preparation with relationships: know your numbers, explain the plan and understand the investor’s goals. Ask what evidence would make the next conversation useful, then do the work to produce it.
TorontoStarts · April 2025
A discussion of selling a small useful part of the offer and delivering manually while developing the technology. The founder example shows how service revenue can support a gradual transition toward a software business.
Watch on YouTubeTorontoStarts · January 2024
A first-time fundraising checklist covering a business plan, financial numbers, relationships, investor motivations and a clear pitch.
Watch on YouTubeTorontoStarts · September 2024
The panel considers support before an investor round, including R&D tax credits, hiring support and project funding. It explains why pre-revenue businesses can struggle to meet program criteria.
Watch on YouTubeTorontoStarts · January 2024
An earlier upload of the same first-time funding advice: prepare the plan and numbers, build relationships and understand the investor’s goals.
Watch on YouTubeSecurities and the raise
The Equivesto sessions explain why selling an ownership interest is a regulated activity even when the company operates in an otherwise unregulated industry. The founder needs to identify a lawful route for the raise, the eligible investors and the documents required for the transaction.
Bring counsel a clear description of the company, investors, jurisdictions, amount and proposed security. Ask which prospectus exemption applies, how eligibility will be established, which disclosures and signatures are needed and who handles filings. A directory listing does not establish an investor’s eligibility for your particular offering.
Accredited-investor verification is part of this preparation. Arrange with your adviser or dealer how relevant evidence is collected and handled. The recorded examples illustrate the discussion; the requirements for the actual transaction should come from the applicable rules and professional advice.
An offering memorandum and a crowdfunding offering document serve different routes. The filing session explains why document preparation and financial statements need to be planned into the process. Set the budget and timeline with the adviser responsible for your chosen route.
TorontoStarts · March 2025
Alex Morsink discusses preparing an investment round with counsel, investor eligibility, subscription agreements and supporting documentation. Use it to identify the work and questions to bring to a securities lawyer.
Watch on YouTubeTorontoStarts · January 2025
Alex Morsink explains why private-company fundraising is regulated and discusses confirming accredited-investor eligibility. Use the session to prepare the documentation process with your securities adviser.
Watch on YouTubeTorontoStarts · January 2025
An introduction to prospectus exemptions and private-company fundraising, including the distinction between shareholder numbers and public-company status. The session explains why the route used for a raise matters.
Watch on YouTubeTorontoStarts · February 2025
A discussion of fundraising regulation and industry-specific licensing, including businesses that manage other people’s money. It connects regulatory questions with the risks investors assess.
Watch on YouTubeTorontoStarts · February 2025
Alex Morsink describes offering memoranda, financial statements and SEDAR+ filings, then contrasts an offering memorandum with a crowdfunding offering document. The fee estimates and process examples belong to the recorded discussion.
Watch on YouTubeAfter the raise
Funding creates an ongoing relationship. The reporting discussion raises questions about investor information, financial statements, meetings and the corporate records needed to support them. Write those obligations into a working calendar with a responsible owner.
Public and private in these sessions refer to securities markets, rather than government versus privately supplied grants. Public-market financing introduces questions about ongoing disclosure, secondary trading and liquidity. Discuss what changes for the route you are considering.
The requirements after a raise depend on the company, jurisdiction, offering route and agreements. Shareholder count alone is not a complete reporting checklist. Have counsel identify both corporate and securities obligations instead of applying one recorded example to every business.
TorontoStarts · February 2025
The session discusses responsibilities to shareholders after a raise, financial information, meetings and regulatory reporting. Obligations depend on the company and exemption used; use the recording to organize the questions for your advisers.
Watch on YouTubeTorontoStarts · February 2025
Alex Morsink compares private fundraising with public markets, including primary and secondary trading and ongoing information requirements. The discussion helps separate government support from selling securities publicly.
Watch on YouTubeTorontoStarts · February 2025
Alex Morsink discusses going public, secondary trading, liquidity and the loss of control over share prices. The session considers why a public-market route should fit the company’s stage and goals.
Watch on YouTubeThe main choices are non-dilutive support such as grants and loans, angel investment, venture capital and founder-funded growth. The right path depends on stage, traction, sector, cash need, repayment capacity and how much ownership or control you are prepared to exchange. Compare fit and terms before optimizing for the largest headline amount.
There is no universal best source. Match the funding to the company's stage, use of funds, growth model, risk and willingness to take on repayment or dilution.
No. Funding terms, eligibility and deadlines can change. TorontoStarts records the available source and verification information, but applicants should confirm details with the official provider before applying.