Does the government offer financial assistance to start a small business in Canada?
Canada government does offer some assistance to help people start a small business by way of loans and grants. There are various options available provided at the national, provincial and local levels which can allow small business owners to meet their goals and improve their operations without incurring unreasonable debt. If you want funds, you should think about first what you will use the money for and how much you want. This is so that you can find a program that is right for you. All Canada assistance programs also have their own eligibility qualifications. So, you will want to find a program that you are eligible for to apply for. If you do not find a grant you can use, think about loans, as they have better terms than bank loans.
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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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