For new businesses, funding can be obtained from various sources including bank loans, venture capital, angel investors, crowdfunding platforms, and government grants specifically designed for startups. Friends and family are also common sources of initial funding. Additionally, some entrepreneurs opt for bootstrapping, where they fund the business using personal savings and revenue from the business itself. Each funding source has its own advantages and considerations, so it’s important to choose the one that best aligns with your business goals and financial situation.
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Where to get funding for your new business?
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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