Rise Asset Development
Client Resources - Rise Asset Development (Rise)
Rise Asset Development (Rise) provides loans to entrepreneurs with a history of mental health and/or addiction challenges. Rise works with individuals pursuing self-employment who have a viable business plan or small business experience, but are unable to access credit from mainstream financial institutions.
Are you an entrepreneur? Do you know someone who is pursuing self-employment?
- Idea stage: Rise recommends that entrepreneurs with a business idea should develop a business plan through a small business development centre. Visit www.riseassetdevelopment.ca to view resources for individuals in Ontario or contact us to find out more.
- Start-up or Growth stage: Entrepreneurs who have a viable business plan or small business experience and are considering financing should contact Rise.
Each entrepreneur works with Rise to determine the appropriate financing for their business. The loan amount and term are based on the stage of development, needs and capacity of the business. Rise operates throughout Ontario, with average initial financing ranging from $1,500 to $5,000.
Meet a Rise entrepreneur: Rise was approached by a photographer serving a small number of clients. He was exploring the production of high-resolution ads which were beyond the capabilities of his current equipment. He was not able to obtain credit from traditional sources and the cost of rentals was prohibitively expensive to his business. He worked with the Rise team and received a lease for $4,000 of camera equipment to be paid back over three years. Insurance was bundled into his payments. The photographer was able to acquire new equipment, meet the needs of his clients and increase his monthly income by attracting new customers.
Rise operates with the support of the Rotman School of Management and the Centre for Addiction and Mental Health (CAMH). For more information, please visit www.riseassetdevelopment.ca. Eligibility criteria is listed on the website and can be discussed further by contacting our office at 1-647-232-RISE (7473) or toll free at 1-855-464-RISE (7473). Please direct all email inquiries to firstname.lastname@example.org.