If you have been turned down by a bank or do not have a long credit history, the Rise lending programs could be a good funding option. Rise is a national, non-government group. It helps entrepreneurs who have faced mental health or addiction challenges. The Small Business Lending and Youth Small Business Programs focus on giving access to capital, coaching, and skills. They do not rely only on credit scores.
This guide explains how to apply for the Rise Small Business and Youth Lending Programs. It covers who can apply, what to expect, and how to avoid common mistakes.
Rise offers two main programs. The right program for you depends on your age, funding needs, and business stage.
This program gives repayable micro-loans to entrepreneurs who cannot get regular bank loans.
Key funding details
Who is eligible You may qualify if you:
This program is for younger entrepreneurs who need early support, not large loans.
Key funding details
Who is eligible You may qualify if you:
This program is available across Canada and delivered online, so you can join no matter where you live.
Getting ready before you apply can make the process smoother. You do not need a fancy business plan, but you should be able to explain your business and your needs.
Prepare these basics:
If you are applying for a loan, a simple cash-flow plan is helpful. If you are looking at other grants or loans, a tool like GrantHub’s eligibility matcher can help you see what you might qualify for in your province and sector.
The application process is supportive, but you should still be ready.
Both programs start with an online intake form. This form helps Rise learn about you and your business idea.
You will answer questions about:
This intake helps Rise decide which program fits you best.
After you submit your intake form, Rise staff will review it. They will connect you with:
For the Small Business Lending Program, you may also discuss loan terms and repayment before you get approved.
Rise wants your business to succeed. They try not to put you under money stress.
Not having a clear use for the money
Rise wants to see that you will spend the funds on your business, not on personal expenses.
Thinking bad credit means you cannot apply
The Small Business Lending Program is for people who cannot get regular loans.
Skipping the intake form or rushing through it
The intake is required. Incomplete answers can slow down your application.
Mixing up the youth program and the loan
The Youth Small Business Program is for training and small, non-repayable support — not for big loans.
Q: Is Rise funding a grant or a loan?
The Youth Small Business Program gives non-repayable support with training. The Small Business Lending Program gives loans up to $10,000.
Q: Do I need to have an incorporated business?
No. Sole proprietors and early-stage entrepreneurs can apply if the business is for-profit and has a good plan.
Q: What can I use Rise funding for?
You can use the money for equipment, marketing, supplies, and early costs tied directly to your business.
Q: Is Rise available in every province?
Yes. Both programs are available across Canada and delivered online or through local partners.
Q: Is Rise funding taxable?
Tax rules can be different depending on the program. Ask an accountant about tax on youth program funding or loan proceeds.
Rise is a good choice if banks have said no, or if you need more than just money to move forward. GrantHub tracks hundreds of grant and loan programs across Canada, including options like Rise, so you can find the ones that fit your business and your goals.
See also:
Finding the right program is about fit. Rise supports entrepreneurs who need flexibility, understanding, and a real chance to grow.
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