Register Now

About the Loan Program

The First Capital Business Loan Fund will provide loans of up to $10,000 to qualified individuals who wish to start a new business or grow an existing business in Kingston and who have been turned down by a financial institution.

Program Eligibility Requirements

• You must have a viable business idea
• You must operate your business in Kingston
• You must have been turned down for funding by an existing financial institution

To Apply

Individuals interested in meeting with the Loans Manager are invited to complete the Introductory Information Form and submit it electronically to info@FirstCapitalLoans.ca or deliver it to:

First Capital Business Loan Fund
c/o Kingston Economic Development Corporation
67 Brock St. (The Carriageway)
Kingston, ON K7L 1R8

The Loans Manager, Dan DeVito, will arrange a meeting at which he will determine whether:

• The applicant has a complete business plan already prepared.
• The applicant has a well-researched idea but needs help putting together the business plan.
• The applicant is in the early stages of thinking about starting a business but needs advice on how to go about it.

Depending on the findings at that meeting, Mr. DeVito will help the applicant move to the next stage. Once a good business plan has been submitted, he will present it to the Loan Review Committee. This group includes a variety of experienced business people, many of whom will be entrepreneurs themselves. They will review the plan and decide whether a loan should be granted to the applicant.

Upon acceptance by the Loan Review Committee, Mr. DeVito will have the applicant complete the paperwork to obtain the loan.