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Business Services


Business Counselling

LAMBAC can assist your business by: 

  • Providing information regarding a full range of government self-help programs, services and agencies;
  • Offering small business counselling services;
  • Providing library material and computer resource access to assist with business research;
  • Providing information regarding business plan preparation and business startup requirements;
  • Liaising with other lending institutions;
  • Offering consulting services on export sales projects;
  • Providing access to Internet resources; and
  • Providing access to the Canada-Ontario Business Service Centre.


Ontario Self-Employment Benefit Program

Unemployed? Want to start a business?

Ask about the Ontario Self-Employment Benefit Program.

The Ministry of Training, Colleges and Universities' Ontario Self-Employment Benefit Program (OSEB) provides unemployed individuals with income support, coaching and technical assistance to enable them to become self-employed.

Employment Insurance (EI) benefits recipients pursuing self-employment may be eligible for the Ontario Self-Employment Benefit (OSEB) Program that we deliver on behalf of Employment Ontario. This Employment Ontario program is funded in part by the Government of Canada. To facilitate the transition to self-employment, the OSEB Program provides income support, training and consultation to qualified EI recipients who have a viable business idea. Specifically, the OSEB Program provides:

  • Program information
  • Orientation
  • Ten-week business plan development phase
  • Mentoring and business counseling for qualified participants

Participants receive agreed-upon financial assistance in the form of income support while developing and implementing their business plan. Income support is provided for up to 52 weeks. Participants are required to provide monthly income statements and activity/progress reports on the status of their business to OSEB Program Coordinator throughout the period of income support.


  • Unemployed individuals receiving Employment Insurance (EI) benefits or;
  • Unemployed individuals who have had an EI claim during the past three years or;
  • Unemployed individuals who have had maternity or parental leave benefits during the past five years.


  • Applicant must be legally entitled to work in Canada;
  • The proposed business must be year-round, full-time, and owner-operated, or client must be at least 50% owner;
  • The proposed business must be approved for public support and not exploit sex, religion or politics;
  • Commissioned sales and seasonal businesses are not eligible for support;
  • Applicant must have the required equity to invest in the business for start-up;
  • Applicant must not have registered the business at the time of application;
  • No business activity can be started prior to being approved on the SEB Program.

To Qualify

To qualify for the Ontario Self-Employment Benefit Program, you must:

  • Attend orientation sessions with Employment Counselor and OSEB Coordinator;
  • Agree to provide a business plan that is acceptable to the OSEB Coordinator and Employment Ontario, showing business management capability and potential for long-term self-employment;
  • Start a new business or take over an existing business in which you have had no prior ownership;
  • Spend a minimum of 35 hours per week into the business;
  • Intend to continue operating the business after completing the OSEB Program.