Why Apply for a GMF Loan?

As of December 1, 2011, we are accepting new applications for funding in all sectors for all types of initiatives.

All applicants need to use the updated GMF Application Form to apply for funding.

We offer a suite of benefits for both municipal and non-municipal borrowers.

For municipal governments

Loans at 1.5% below the Government of Canada bond rate for the respective terms, which, coupled with the grant, make our effective rate much lower than a comparable rate from traditional funding sources
Grants for up to 20% of the loan amount to a maximum of $1 million (Grants are not available for capital projects in the brownfields sector)
Long-term, fixed rates lower than those offered by municipal finance authorities
No commitment fees or other fees
Possibility for multiple loan disbursements at client-selected milestones (possibilities vary by province)
Coverage of up to 80% of eligible costs
Funding can be combined with federal and provincial funding programs
Eligibility criteria based on environmental objectives
Flexible payback for brownfield projects

Risk-based loan rates
Long-term, fixed rates, which, coupled with the grant, make our effective rate much lower than a comparable rate from traditional funding sources
Grants for up to 20% of the loan amount to a maximum of $1 million (Grants are not available for capital projects in the brownfields sector.)
No commitment fees or other fees
Possibility for multiple loan disbursements at selected milestones (possibilities vary by province)
Coverage of up to 80% of eligible costs
Flexible disbursement

Page Updated: 03/01/2012