Entrepreneurship & Small Business

Getting grants for new small business in Ontario

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  • Oct 19th, 2013 11:23 am
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[OP]
Jr. Member
Jan 8, 2009
131 posts
5 upvotes

Getting grants for new small business in Ontario

Anyone know the best way to do this? When I google it all it finds are companies that help you get them. One just called me but it's $699 plus tax for their service! When I go to the ontario website and others I can't find anything on this. Not sure why it's so hidden, anyone know who I should call or what I should do if I want to do it myself? I'm not really looking for loans but more small business grants to help with hiring employees, office expenses and start up costs like laptops etc.
33 replies
Member
May 18, 2006
407 posts
28 upvotes
Etobicoke
There are a number of different grants available to any business.
but its not as simple as you think.

The easy part is to find the actual grant.
But then the harder part is to apply for it.

You have to first qualify for it
then apply for it
then negotiate for it
then report on the progress of it (and your business)
then file for it
then continue to tell the grantor that you need the money...

Your first line to find sources of money - should be your accountant. one that knows their stuff.
(bookkeepers do not always know about this information)

If you're looking for additional information - PM me...
Newbie
User avatar
Aug 22, 2011
56 posts
3 upvotes
HAMILTON
onetruguju wrote:
Jun 18th, 2012 4:41 pm
There are a number of different grants available to any business.
but its not as simple as you think.

The easy part is to find the actual grant.
But then the harder part is to apply for it.

You have to first qualify for it
then apply for it
then negotiate for it
then report on the progress of it (and your business)
then file for it
then continue to tell the grantor that you need the money...

Your first line to find sources of money - should be your accountant. one that knows their stuff.
(bookkeepers do not always know about this information)

If you're looking for additional information - PM me...
http://www.grants-loans.org/
Is this a third party organization? I was looking for the same information yesterday, and found that website.
Member
Jun 8, 2012
434 posts
43 upvotes
Toronto
It costs money to make money.

What type of business? How many jobs are you creating? Will everything be operating in Canada? Canada is really interested in keeping/creating jobs in Canada so they are giving grants out like crazy now.

People like MaRS help out startups by giving you office space, internet,phones, offices and help you apply for grants & connect you to VC's.
Member
May 18, 2006
407 posts
28 upvotes
Etobicoke
kiddking wrote:
Jun 18th, 2012 7:50 pm
http://www.grants-loans.org/
Is this a third party organization? I was looking for the same information yesterday, and found that website.
They're a business who sell information for 699 a pop.
lots of crappy reviews on BBB for them.

in my eyes - there are 3 ways to get grant money.
1. apply yourself
2. have a really good accountant who knows how to get you additional funds
3. hire a grant consultant
Sr. Member
User avatar
Mar 14, 2010
563 posts
12 upvotes
Ontario
amw3000 wrote:
Jun 18th, 2012 9:50 pm
It costs money to make money.

What type of business? How many jobs are you creating? Will everything be operating in Canada? Canada is really interested in keeping/creating jobs in Canada so they are giving grants out like crazy now.

People like MaRS help out startups by giving you office space, internet,phones, offices and help you apply for grants & connect you to VC's.
I'm going to disagree 100%,Our Business is owned & Operated in Canada and getting any info on loans or grants was impossible.

We had a Better chance getting on the space station then getting the help. It really makes me wonder how these new Canadians get Grants and start a business. When Canadians that have lived here can't figure it out. :idea:

We called those company's and wanted $600 for forms,also won't stop calling us now.

So If they are giving grants left and right post the info please.
Member
Jun 8, 2012
434 posts
43 upvotes
Toronto
SoundMan wrote:
Jun 19th, 2012 12:37 pm
I'm going to disagree 100%,Our Business is owned & Operated in Canada and getting any info on loans or grants was impossible.

We had a Better chance getting on the space station then getting the help. It really makes me wonder how these new Canadians get Grants and start a business. When Canadians that have lived here can't figure it out. :idea:

We called those company's and wanted $600 for forms,also won't stop calling us now.

So If they are giving grants left and right post the info please.
It totally depends on what you are applying for. For example, the company I work for has applied for a few different programs to reduce greenhouse e-missions. We had to prove we can reduce X amount of servers, reducing X amount of power useage. They are not easy to get, we spent months and months to get the credit/funding, but we did get it. We are also working on another program to get startup funds to create more jobs in Canada.

They are not just GIVING away money here. You have to work for it. Paying $600 for a consultant to get a $200K tax credit is worth it. Again, MaRS will provide you with a lot of FREE information and lots of help to get you to apply/info for these grants. I'd suggest you check out http://www.marsdd.com/entrepreneurs-toolkit/
Member
May 18, 2006
407 posts
28 upvotes
Etobicoke
from the sounds of it - folks here want to get free money for 'thinking' about a business idea.
Only if it was that easy - everyone would be 'thinking' or 'planning' a business.

Theres money out there to help GROW a business, not start one.
The people who give it out - are a bit smarter than you think.
and they dont like to take a risk when handing the money out...

If you're looking to be a part time business - and are looking for funds...
Your best bet would be to bootstrap, or home equity!
[OP]
Jr. Member
Jan 8, 2009
131 posts
5 upvotes
Thanks for the reply everyone sorry forgot I had posted this. That grants-loans.orgs is the one I applied to that wanted me to pay the $699 so I said forget it. We are a Bell Canada dealer basically but for business only, not a physical store. Have 5 years experience doing this for other telecom providers, so basically we are like 3rd party sales reps for Bell, pricing comes from them and they pay us commission for what we sell. We have lots of experience so it's not like the business is just an idea or that we're manufacturing a product etc. We are already launched and are receiving some funding from Bell to assist with my first employees wage who is a new grad from last year.

The funding I'm looking for would be to assist with hiring another person, possibly office expenses, and also other start up costs like computers phones etc which have all come out of pocket. I'm only hiring in Canada, all in Ontario but I'd like one employee from Quebec. So to the last poster you have it completely wrong, I'm not thinking about anything, this is launched already and running and will be successful. I am that confident only because I've done this for years with other telecom providers and now are starting a new company to do it with Bell so I have a very proven track record with my previous company making around $500,000 a year in revenue with 8 employees.

So was just curious the best way to do it. I applied with one company I found that gives out grants and they approved me, I just need to do my business plan now to negotiate the funding etc so it definitely seems like researching it yourself is the way to go. That grants-loans place for $699 sounds like they just send you a document that has a listing of loans but doesn't actually do it for you.
Deal Addict
Oct 29, 2010
3901 posts
493 upvotes
Doesn't sound like you're anything special with any real reasons to get any grants. Special in terms of separating you from other small business. If you said you need 100-200 grand to buy a piece of equipment that will allow you to the develop, i can see a struggle there that requires outside funding. But 1 more employee and some computers is nothing really, specially if you're making 500k a year now.

I'm sure my employees would love if i got some odd funding to let them stay longer hours at works even if it means doing nothing. But then what separates me from anyone else? Even if i did have work for them.
[OP]
Jr. Member
Jan 8, 2009
131 posts
5 upvotes
Well the grants I have researched say most are to help companies hire new grads to help with unemployment. I don't see why a company would want to just give away $100-200k to build a machine that makes something when you have no idea on the actual return on investment. The company could be bankrupt in 6 months and everything was a waste. At least this will actually show a return, and a grant for assistance with wages allows me to hire 2-3 employees immediately versus hiring 1 and not being able to afford another for a year or so.
Member
May 18, 2006
407 posts
28 upvotes
Etobicoke
hey there..
There is money out there for students. But that money needs to be used for students graduating out of a specific program.
Most of the time, its usually, science, engineering, IT, or math. Those are areas where the govt wants success..
If you're looking to hire folks to do sales - its a really hard sell to the govt.

There are a couple programs which would be relavant if you were a business in the city of toronto, and will be hiring new immigrants from specific programs/organizations in the area.
or folks who are currently on EI...

hope that helps
Deal Addict
Oct 29, 2010
3901 posts
493 upvotes
leelenovo wrote:
Jun 21st, 2012 8:15 pm
Well the grants I have researched say most are to help companies hire new grads to help with unemployment. I don't see why a company would want to just give away $100-200k to build a machine that makes something when you have no idea on the actual return on investment. The company could be bankrupt in 6 months and everything was a waste. At least this will actually show a return, and a grant for assistance with wages allows me to hire 2-3 employees immediately versus hiring 1 and not being able to afford another for a year or so.
Unless you're in a specialised field where your employees create something, buying expensive machinery usually leads to growth. If you are targeting to hire certain category of employees like students doing internship or disabled people or something else that the government is looking to promote then i understand the grants, this way you are hiring people that you wouldn't hire otherwise.
And by the way, usually they won't give you 100-200k but will give you some kind of loan with good terms.
Member
May 18, 2006
407 posts
28 upvotes
Etobicoke
i've worked in departments where they do give out the 100-200k....
They ask for years of proof, audited financial statements, a minimum 50 page business plan, with multiple scenario financial and marketing plans...
and thats just the beginning...

The government doesnt throw money away to people who have their hands out...
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