Investment – Locate Stream
ACCESS Investment – Locate Stream
The Investment – Locate Stream is for Businesses expanding existing operations in Northern Ontario.
What Are the Program Requirements and funding?
Funding is in the form of a conditional contribution or a combination of a conditional contribution and term loan, on a case-by-case basis based on net economic benefit to Northern Ontario, to a maximum of $5 million.
Combined Federal and Provincial government funding may not exceed 50% of eligible project costs.
Applicants are required to have a pre-application consultation session with NOHFC staff prior to applying.
The applicant is expected to secure balance of funding/financing necessary to implement the project..
The applicant may be required to reimburse NOHFC if assets financed by NOHFC are sold after project completion.
Our Focus
Our focus is the financial health of all of our clients. We ensure that we provide them with exceptional customer service through the entire funding process.
What Projects are Eligible?
Eligible projects, activities and associated costs include, but are not limited to:
Capital construction
Leasehold improvements
New or used equipment including capital leases
Land servicing costs
Information & communications technology (ICT) investments
Marketing for new products and business initiatives (limited to a maximum of 20% of all other eligible project costs, or $75,000, whichever is less)
Training costs incurred with third parties (limited to a maximum of 20% of all other eligible project costs)
Why Apply with us
Fortuo believes in each one of the applications that we support. Our detailed pre-qualification process leads to a higher rate of approval for each government funding program.
What Projects are NOT ELIGIBLE?
Projects intended for internal efficiency purposes only are ineligible.
Ineligible activities and associated costs include, but are not limited to:
Retail and consumer service businesses that primarily earn revenue by providing products and services directly to individuals
Ongoing operating costs including maintenance
In-kind contributions
Restructuring or refinancing of existing business operations
Accommodation & food service businesses and related business activities
Businesses that are primarily involved in wholesale activities
Business plans / strategic plans / feasibility studies etc.
Assets acquired through operating leases
Research and development
Land purchase/lease
Rolling stock (e.g. cars, trucks & boats and motors)
Project management costs / consulting costs / administration costs
Mineral exploration, mine development and milling operations
Working capital
Cost of inventory
Cellular and internet service projects
Capital projects or leasehold improvements to residential or personal properties
Acquisitions and buy-outs of existing businesses
Electricity generation projects
Evaluation Criteria
Factors that will be considered during evaluation of applications will include but not limited to:
Job creation
Level of investment from other sources to be secured by the applicant
Strength of the applicant’s detailed business plan
Does not unreasonably impact existing Northern Ontario businesses
Net economic benefits for Northern Ontario
integrity. professionalism. results
What Our Dedicated Clients Are Saying
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Joel Marshall
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Jane Doe
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Jane Doe
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Get the intelligent, responsible, and reliable financing you need through Fortuo Financial. Our funding experts use a simple, common sense approach to close your deal as efficiently and effectively as possible. Let us add value to your investment decision-making process.