Actions and Detail Panel
Financing Your Business
Wed, 26 October 2016, 9:00 AM – 12:00 PM EDT
Come and learn all about financing your business from industry experts. This 3 hour session will be comprised of presentations from The Ottawa Community Loan Fund(OCLF), Rise Asset Development (Rise), the RBC Royal Bank and The Business Development Bank of Canada (BDC) and Invest Ottawa.
This will be followed by a panel discussion and a chance to ask questions of the session presenters.
Mark Cawley, The Ottawa Community Loan Fund (OCLF) is a non-profit organization, founded in 2000, arranging loans of up to $45,000, but with an average of around $15,000, to start and expand businesses in Ottawa. The OCLF has arranged over $3,000,000 in financing since its inception to individuals and businesses who would otherwise not be able to expect to obtain sufficient, and usually any, funding from commercial lending organisations. Currently the OCLF arranges loans from Futurpreneur Canada (formerly the Canadian Youth Business Foundation), as its Community Partner in Ottawa, and loans from Alterna Savings supported by the OCLF‘s guarantee
BDC, The Business Development Bank of Canada (BDC) is the only bank exclusively dedicated to entrepreneurs. We are not just a commercial bank. We are Canada’s development bank and we are passionate about one thing: helping entrepreneurs succeed. At BDC, we know entrepreneurs and we understand the challenges they face. BDC specializes in commercial financing and has a national network of experienced consultants providing professional services to businesses in all industries. The presentation will focus on start-up and early stage financing, providing attendees tools and advice on how to finance their new business.
RBC Royal Bank, One of RBC‘s 14 Senior Account Managers Business and Personal from the Ottawa area will present important advice on the different options available to you in financing your business, the role banks play in your initial and ongoing financing needs and how to prepare for your financing request. The presentation will also take you through standard financial measurements banks and others would be looking for in your successful application!
Rise Asset Development (Rise) works to empower business owners with access to financing and business support. The organization recognizes the interdependency of financial well-being to one’s overall quality of life. Rise is committed to improving the lives of people who are unable to secure employment due to mental health or addictions challenges. Rise, with the support of the Rotman School of Management and the Centre for Addiction and Mental Health (CAMH), provides microfinancing and mentorship to men and women living with mental illness and addictions who are interested in pursuing self-employment.
Birgit Nielsen, National Research Council’s Concierge program. The Concierge program is a single access point to government funding for small- and medium-sized companies seeking to grow through innovation. The only service of its kind in Canada, it offers free, one-on-one assistance from expert advisors who provide customized guidance in selecting the most relevant federal or provincial funding programs to help you start or grow your business.