![Impact Loan Logo with black lettering for impact and green and white lettering for loan.](/sites/default/files/styles/article_400_x_300_/public/2019-05/Impact%20Loan.png?itok=acfJVGp_ "Impact Loan")

##  [Impact Loan (Goodwill Industries)](/partner/impact-loan-goodwill-industries) 

If you are starting or expanding your business and you are unable to obtain traditional bank financing, you may be eligible for a loan of up to $5,000 through [Impact Loan](https://impactloan.ca/). Those who meet the eligibility criteria will be guided through a process for developing a business plan, as well as being offered other supports such as mentoring and networking.

To be eligible, you need to:

- Reside in London/Middlesex or St. Thomas/Elgin
- Demonstrate a lack of access to traditional financing. For example: low-income, social assistance, lack of credit history, etc.
- Complete the application form
- Submit a business plan
- Other conditions will apply.