If I get free government grants and my business closes do I have to pay the grants back?

There are rules and regulations that are attached to any of the small business loans and grants programs. To get free government grants money and then have your business close is a something that would be handled between you and the institution that authorized your loan. To get free government grants for a business that is not doing well you will still have to meet the criteria that the government will set in place, to see if funding will be able to turn it around.

Take a moment and become a registered member with CanadaStartups. You will get access to the Funding Database at which point you will be able to conduct a funding search to see how much funding may be available for you and your business. On top of that you also get access to the step by step business startup guide, the Investor PitchDeck and the Investor PitchDeck. This gives you all you need to startup, launch and fund your small business in Canada. Register to get access today.

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.