Since 2008, Infrastructure Ontario (IO) has partnered with Non-Profit Professional Arts Training Institutions to help provide access to affordable financing for capital investments. Our goal is to assist these organizations in the renewal and development of their infrastructure and to help deliver value to the communities they serve.
With a convenient online application, no additional fees and flexible terms, our loans provide affordable access to the capital markets for those who are otherwise unable.
IO’s knowledgeable staff is here to work with you to develop the best financing solution to help you achieve your goals.
Eligibility
Non-Profit Professional Arts Training Institutes in Ontario that meet the following criteria may apply for an IO Loan for capital expenditures:
- The Institution's principle purpose must be to provide professional study or training in the arts; and
- The Institution must have an educational component that is eligible for funding by the Province of Ontario Council for the Arts.
- Non-profit status
For more information on eligibility requirements, please see the program guidelines.
Eligible Projects
IO loans can be used for any capital investments, including:
- Construction or renovation of facilities
- Energy efficiency projects (windows, doors, lighting, etc.)
- Water, hydro, HVAC and communications systems
- Accessibility improvements
- Facility acquisition
- Vehicles and maintenance equipment
Rates and Terms
IO’s lending rates provide equitable access to affordable financing for all clients. Lending rates are based on the credit strength of each sector. To view today’s lending rates, click here.
Clients may select repayment terms of 5 to 20 years; but in any event, the repayment period must not exceed the expected life of the capital asset.
How to Apply
Register for a username and password by contacting Infrastructure Ontario at 1-800-230-0937.
The following documents will need to be provided to Infrastructure Ontario to obtain a username and password:
• Articles of Incorporation/Letters Patent
• Certificate of Verification from the Ontario Arts Council verifying borrower provides Professional Arts Training
• Most recent audited financial statement
A user name and password will be e-mailed after Infrastructure Ontario has verified the registration information.