10am to 12pm
United Way Office, 12th Floor Boardroom B
26 Wellington Street East

The Mixed Capital Opportunities Fund (Mixed Cap) will support the expansion of early stage, high growth non-profit social enterprises by providing a hybrid form of capital, comprised of a combined loan (50%) and grant (50%). This innovative collaboration between the Toronto Enterprise Fund (TEF) and Alterna Savings will make debt financing more accessible to social enterprises. Mixed Cap is funded by the Province of Ontario and United Way Toronto (through a gift from the Polar Foundation), with all loan financing coming from Alterna Savings.

Are you an established Social Enterprise with a new business opportunity or plans for expansion?

Then the Mixed Cap is a great financing option to fund your idea. The Mixed Cap aims to support Social Enterprises that are using innovative approaches to address social, environmental, economic or cultural changes.

Register for the Training/Information Workshop

Features:

• Enterprises will be able to apply for between $10,000 and $30,000 in total investment (split equally between a loan and a grant).
• In exceptional cases, up to $50,000 may be approved; security/collateral may be required in these instances.
• The loan portion will be in the form of Term Loans and or Lines of Credit (LOC must be secured) and competitive interest rates will be set according to Alterna’s lending policies.

Selection Criteria:

• The identification of a solid business opportunity. If the ask is for staffing up, stocking up or purchasing capital equipment, then it has to be directly related to the business opportunity.
• Be owned and operated by incorporated non-profit organizations.
• Located and operating in the Greater Toronto-Hamilton area.
• Demonstrate job creation potential, particularly for minorities & disadvantaged groups.

Application Process:

• Attend a training/information workshop. The workshops are mandatory and they will be held once a month 
• Read through the checklist and submit all necessary documents. A complete application should include:
• Checklist
• Mixed Capital Opportunities fund application form
• Alterna business loan application
• Board resolution letter
• Consent form
• Business plan
• 24 month cash flow
• Other Documents (refer checklist) 

There will be quarterly application due dates: the next one's are as follows:

1. January 29, 2016
2. March 31, 2016
3. June 30, 2016

A review committee will first approve the applications and it will then proceed throughAlterna’s standard loan approval process.

Once an application is submitted, the final decision will be given in 4 weeks from the due date (assuming all necessary documents are provided and no further clarifications are required from the applicant)

For further information, please contact Shahil at sthomas at uwgt.org or 416-777-1444, ext 365