Alterna values entrepreneurs and small business owners and their contributions toward our economy and local communities. We promote community economic development through micro-lending initiatives, encouraging our members to be financially knowledgeable, giving back through many charitable activities and continually striving to be transparent at every level of our operation.
Our Microfinance program works to address socio-economic inequity by creating opportunities for financial independence and reducing barriers to banking for those often excluded from financing.
Collaborative NFP Loan Fund
Alterna’s Collaborative NFP loan fund provides financial support to non-profit and charitable organizations that the COVID-19 pandemic has negatively impacted. Funding ranges from $1,000-$20,000 with a repayment term of up to 3 years. Learn more about eligibility criteria here or contact us to learn more.
Joint Loan Program with BDC
Black entrepreneurs, social entrepreneurs, and women entrepreneurs who have received up to $25,000 in funding through Alterna's Community Microfinance program will have the opportunity to do double this amount through this new program with BDC, for a potential total of $50,000.
Indigenous artist Jason Baerg credits his work with Alterna’s Community Microfinancing Program with helping him to get where he is today.
Sergio Navarretta and Alessandra Piccione, co-founders of SNAP Films Inc. work together as a director and screenwriter to create meaningful stories for both the big and small screen.
Sipho Ibeakanma was inspired to open her business, The Niesh Hair Scarf Wig, after her daughter Cleopatrah and granddaughter Niesha tied a beautiful scarf around her wig in August 2018.
How to register a Business in Ontario
Starting your own business is exciting but takes careful planning. One of the first steps will be to register your business.
Expenses you can claim for your home-based business
If you own a business and use your home as your primary workplace, you may be able to deduct certain business expenses from your income tax.
How to get access to your money for your business
Whether you are a start-up, if your business is expanding, or you need credit to cover cash shortages, we have options to help.
How can we help?
Your financial well-being comes first
Welcome to a better way to bank. Our knowledgeable team puts your financial well-being first with good, caring and transparent advice while offering all the products and services you need.