ALL ABOUT UNCAPPED
UNCAPPED is a social financing program led by Ottawa’s Centre for Social Enterprise Development (CSED) that seeks to provide social enterprises with the appropriate grant, debt and hybrid financing options to support their growth. UNCAPPED is designed to overcome funding barriers and gaps faced by social enterprises at various stages of development and with diverse legal structures.
UNCAPPED is made possible due to the support of the Province of Ontario’s Social Enterprise Demonstration Fund (SEDF). SEDF aims to support social enterprises by leveraging new sources of capital to provide access to grants and loans for social enterprises looking to grow and scale. Key partners include- Alterna Savings, Ottawa Community Foundation and United Way Centraide Ottawa.
WANT TO PARTICIPATE?
GET IN TOUCH.
Available in amounts of $1,000 up to $10,000 per social enterprise
2 application rounds. Due dates are: Oct. 1, 2017 & Feb. 1, 2018
Available in amounts of $1,000 to $15,000 per social enterprise (up to $25,000, by exception)
Term loan of up to 5 years at Prime +2-6%, No prepayment penalty
Receive up to $30,000, with 1/3 of the total amount provided as a grant and 2/3 structured as a loan
- Loan portion is a term loan of up to 3 years at Prime +2-6%. No prepayment penalty
- 3 application rounds. Due dates are: Oct. 1, 2017, Dec. 1, 2017 & Feb 1, 2018
Steps To ParticipatE
This program has simple steps to follow, so we can be of guidance to you throughout the whole process.
1. Expression of interest (EOI)
Fill out the EOI form to get in touch with us! We want to know what you are doing, where your business is and how we can help you.
2. Connect with CSED
At this point, CSED will reach out and schedule a meeting to review eligibility and align the best products, for you.
3. Attend a workshop
4. Apply for financing
Following document submissions and review, this step allows participants to apply for the product they wish to get funding through.
5. Receive decision about funding
Must be based in Ottawa
Must be a registered charity, or have a charitable sponsor
LOANS & GRANT/LOAN COMBO
Must be based in Ottawa
Must have 12 months of revenues. Social enterprise must have less than 25 full time employees and annual revenues less than $2 million
Must be a registered charity, nonprofit organization or for-profit with clearly demonstrated public benefit