If I get government grant money for free do I have to keep my business open for a long time?

If you get government grant money for free for your small business, you will have a contract that you will be bound by. All of the terms and conditions will be outlined in this contract. To get government grant money for free most often means that you will not be required to pay it back, but you will have to follow the criteria and the responsibilities that you agreed to. In respect to how long you would have to keep your business open is something that you would have to discuss with the issuer of the funds when you were signing the contract.

If you are looking to find funding for your small business in Canada, one of the easiest ways to find funding is to get access to our Funding Database where we have over 1,500 funding programs including government grants, loans, financial assistance programs as well as private investor options. Take the right step forward and start the search for funding now by becoming a member of CanadaStartups!

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.