Grant Loan Financing for Canadian Businesses
Access up to 75% of your approved grant value upfront, before your funding arrives, so you can start your project without waiting on government processing timelines.
What Is Grant Loan Financing?
Even once a grant is approved, funding can sometimes take several months to fully arrive due to monthly or milestone payouts, and many programs reimburse costs only after they've already been paid. Grant loan financing bridges that gap, giving you access to a portion of your approved grant value upfront, so your project can start on your timeline, not the government's.
How We Help
We start by assessing your eligibility to confirm you qualify for advance financing on your approved grant. From there, depending on your business and the funding involved, we either provide the financing directly or connect you with one of our loan provider partners. We manage the application and coordinate the process alongside your grant reporting and compliance requirements.
Included in Every Plan
Access to Grant Loan Financing is included as one of the five core services in every Full-Service Grant Management plan, we assess your eligibility and manage the process at no extra cost. The financing itself carries its own monthly interest rate, and financing arranged through a partner may include additional fees, we'll walk you through the exact details for your situation on your strategy call.
Programs we work with
Grant programs commonly covered by grant loan financing engagements
IRAP
OpenCanadian SMEs (≤500 employees) pursuing technology-driven innovation
RTRI
OpenIncorporated for-profit businesses in AB, SK, MB impacted by U.S., Chinese, or Canadian counter-tariffs. Must demonstrate tariff impact and financial viability pre-March 2025.
SR&ED
OpenAny Canadian business performing qualifying R&D activities
Frequently asked questions
How much of my approved grant can I access upfront?
Up to 75% of your approved grant value, before your funding arrives from the program.
Why would I need financing if my grant is already approved?
Some programs pay out in stages, or only after project completion and a monitoring period, which can add several months before you see the funds. Grant loan financing gives you access to that capital now, so your project doesn't have to wait on the government's timeline to move forward.
Is Impact Applications the one providing the loan?
It depends. Depending on your business and the funding involved, we either provide grant loan financing directly or connect you with one of our loan provider partners. Either way, we start by assessing your eligibility to confirm you qualify before moving forward.
Does grant loan financing have interest or fees?
Yes. The financing itself carries a monthly interest rate, and financing arranged through one of our partners may include additional fees. We'll walk you through the exact terms for your situation before you commit to anything.
Is this available for every grant program?
Eligibility depends on the specific program and your approved funding, we'll confirm what's available as part of your funding roadmap.
Talk to Impact Applications about grant loan financing
Free eligibility assessment. No obligation. Typical response within one business day.