In Canada, obtaining a business grant with bad credit is possible because grants are typically not based on credit history. Instead, grants are awarded based on the merit of the business plan, the potential impact of the business, specific project criteria, and alignment with the grantor’s objectives. Unlike loans, grants do not require repayment, so creditworthiness is less of a concern. However, competition for grants can be intense, and eligibility may depend on various factors unrelated to credit. It’s important to focus on creating a strong application that highlights the strengths and potential of your business or project.
Help Funding
can i get a business grant with bad credit?
QUICK TIP
Access the Funding Database to see over 1,500 different government grants, government loans, tax breaks and funding options Across Canada. Instant Access Here.
- Before accessing government funding in Canada, be sure to have a completed business plan.
- Provide a detailed breakdown of your funding needs in order to maximize your potential.
- Work with a Canada Startups funding expert to find all relevant funding options