Are there new business loans available for poor credit business people as well?
An individual that is looking at starting a new business and has a poor credit rating should not be discouraged from looking to see what the Government of Canada has to offer in respect to small business loans. New business loans for poor credit individuals may very well be available, as the government is aware that at times people run into financial difficulties. They will be fair in looking over the application and they will certainly do what they can.
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You can also take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at launching your business. It takes just a minute and will also tell you if there may be any funding programs available.
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