CEBA/RRRF Program Repayment Deadlines Have Changed

Learn about our

IEDF Business Recovery Financing

financing options

Two Rivers is pleased to offer additional financial support to businesses that were impacted by the Covid-19 pandemic. Funding provided by the Province of Ontario – Ministry of Indigenous Affairs – Indigenous Economic Development Fund

Eligibility Requirements:

Business must be owned and controlled by Indigenous entrepreneurs,

Established prior to March 1, 2020,

Employs less than 500 people,

Must demonstrate that the financing will help the business recover from the Covid-19 pandemic.


Amount of Financing and Terms:

Maximum financial assistance:

·       $50,000 comprised of a $25,000 repayable loan and a $25,000 non-repayable grant.



·      Interest free until March 31, 2025, after which interest will be fixed at the Royal Bank of Canada’s Prime Lending Rate plus1.5%  at April 1, 2025.

·      Payments deferred up to March 31, 2025, the balance of the loan will be repayable over a maximum period of 36 months.

·      Loans are open and allow early repayment without penalty.

Eligible Business Costs:

·       Funds may be used for general expenses, these include, but are not limited to the following: payroll, mandatory employee benefits, rent, utilities, and insurance

·       Funds may also beused towards increasing production capacity, developing new products, moving to online marketing, or to make improvements to accommodate         social distancingrequirements, such as the installation of plexiglass barriers.

·       Funds may not be used for any otheruses such as; prepayment/refinancing of existing indebtedness, payments of dividends, distributions and increases in                 management compensation

The process

Not sure what it takes to get started? No problem read on to learn how we work with you!
01. Give Us A Call

Connect with our Business Support Team to discuss all your business financing

02. Make a Plan

Once deemed eligible you will be invited to submit an Business Plan.  Our Business Support Officer will review the application to ensure eligibility and the viability of the request.

03. Move Forward

Put your best foot forward by discussing the plan with your Business Support. Officer to be sure all details have been included and that all your questions have been addressed and all information is complete.

04. Getting the Go Ahead

Once submitted your plan will be reviewed and you will be advised in writing of approval or decline as well as reasons for decline or conditions that may be included in your Letter of Offer.

05. Cash the Cheque

You will be required to sign agreements, including loan repayment terms and advise us on your progress. Working hand-in-hand with the ongoing support of Two Rivers Support Team you are on your way to achieving your business goals!


Loans are available to assist with: starting a new business, expanding an existing business, acquisition of an existing business, purchasing equipment, and working capital for inventory and day to day expenses.

1. The following financing criteria must be met
  • Business must be located in our service area (see  “Eligibility”)
  • Equity of not less than 10% to 15%
  • Demonstrated ability to repay
  • Evidence of future economic viabilityManagement skills
2. Change Styles
Inform is created on a modular framework of components that are easy to adapt to your brand.