Unisphere Canada provides affordable loans plus free business coaching in partnership with Access to give you the skills and knowledge for success. Every loan application is offered free business coaching services. coaches are volunteers with experience in business, who can help you launch your start-up and answer your burning questions.

Application Process:

1. Loan Application Screening and Support
2. Prepare qualified applicants for Loan Review Committee
3. Support applicants with business plan development
4. Referral to partners

 

Applicant Eligibility:

1. 18 years or older
2. Canadian citizen, Permanent Resident or Convention Refugee with a legal right to work in Canada
3. A resident of the Greater Toronto Area
4. Demonstrated financial need
5. Not in a consumer proposal or bankruptcy, or has been discharged for at least 6 months
6. up to date with, and not owing taxes to Canada Revenue (CRA) Authority or child support to the Family Responsibility Office (CRF) or provide proof of ongoing payments for at least 3 consecutive months
7. able to demonstrate that loan will be used for business purposes as outlined in the application and business plan
8. business loans cannot be used to pay off debts

 

Required Documents:

1. Proof of income, e.g. copy of pay stub
2. Credit report and score from Equifax or Transunion
3. Notice of Assessment from Canada Revenue Authority
4. Business Plan and Cash Flow Projections
5. Business Registration, if registered
6. Two pieces of valid photo IDs (e.g. Driver’s License, Passport, or Immigration Documents)
7. Proof of residence, e.g. utility bill, bank statement, etc.
8. Resume

 

For more Frequently Asked Questions about Business Loans, please click here.