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Mixed Capital Opportunities Fund

Is your non-profit social enterprise looking for an opportunity to grow?

The Mixed Capital Opportunities Fund (Mixed Cap) aims to support non-profit social enterprises that are using innovative approaches to address social, environmental, economic or cultural changes and supports the expansion of early stage, high growth 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 Greater Toronto, with all loan financing coming from Alterna Savings.


  • 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 component 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
  • Learn about how non-profit social enterprises can access and confidently manage debt financing  

Application Eligibility

Interested organizations must:

  • Be an incorporated non-profit social enterprise that demonstrates job creation potential, particularly for people who are socially marginalized
  • Be in operation (ie. making sales of goods and/or services) for at least one year
  • Have identified a solid business opportunity
  • Be located and operating in the Greater Toronto-Hamilton area
  • Attend a mandatory information session
  • Meet for at least one hour with TEF staff to review your business opportunity 
  • Submit a business plan as part of the application process

Application Process

  • Applications will be reviewed and approved by a review committee
  • Approved applications will proceed through Alterna’s standard loan approval process
  • Final approval decisions will be communicated within 4 weeks from the application due date (assuming all necessary documents are provided and no further clarifications are required from the applicant)
  • Application due dates are usually quarterly. 

Upcoming Information Session

Spring 2019 is the next open round of applications, with a deadline of May 8, 2019.

If you would like to apply for Mixed Cap funding and you have not yet attended a Mixed Cap Info Webinar, please email Courtney at This email address is being protected from spambots. You need JavaScript enabled to view it. and she will share information on how to access a webinar recording.


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