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Mixed Capital Opportunities Fund (Mixed Cap)

 

Through an innovative partnership between TEF and Alterna Savings, Mixed Cap facilitates the expansion of early stage, high growth non-profit social enterprises by providing a hybrid form of capital, comprised of a combined loan (50%) and grant (50%). Funds are for a business opportunity that requires staffing up, stocking up or purchasing capital equipment.

 

Furniture Bankused Mixed Cap to purchase an additional truck which enabled them to pick up more furniture, earn more revenue and hire 3 additional employees.

 


How could your social enterprise use Mixed Cap?

Mixed Cap is designed to make debt financing more accessible to nonrprofit social enterprises that have identified a solid business opportunity, but lack the funds to take advantage of the opportunity. With a loan/grant hybrid, your social enterprise would only pay interest on half the total amount and only repay half of the investment. The business opportunity should generate sufficient cash flow to easily manage this interest and debt repayment, and still leave the enterprise with surplus to reinvest in the enterprise's mission. 

While repaying the debt, your enterprise is building a relationship with Alterna Savings, one of Ontario's largest credit unions. And Alterna is learning about your nonprofit social enteprise. And the next time you need funds for a business opportunity, your enterprise will be in a stronger position to obtain a loan more quickly!

To learn more about Mixed Cap, visit the web page.

Furniture Bankused Mixed Cap to purchase an additional truck which enabled them to pick up more furniture, earn more revenue and hire 3 additional employees.

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