Starting a successful business in Canada takes a lot of hard work and dedication, especially when it comes to securing funding. Thankfully, the Canadian government offers a variety of loan options for entrepreneurs to help finance their business ventures. However, applying for these loans can be a complex process, and one wrong move could cost you the opportunity to access …Read Full Article
When it comes to financing a startup, there are a lot of options available.
One common question is whether it’s better to go with a government grant or loan. The answer depends on a number of factors, so let’s take a closer look at both options to see which one makes the most sense for your business.
Government Grants
Grants …Read Full Article
Small business loans can be a great way to get the funding you need to grow your business. But with so many different lenders and loan products out there, it can be hard to know where to start.
In this article, we’ll break down everything you need to know about small business loans in Canada, including interest rates, repayment terms, …Read Full Article
As a small business starting up in Canada, it is extremely difficult to start a proper business without having the capital to back you up. Most business owners will take advantage of a small business startup loan in some way.
The added capital can give you the boost your small business needs to succeed. So, if you need a startup …Read Full Article
What are the 5 types of government loans?
As a small business owner in Canada you’re most likely aware that the Canadian government offers government funding to support it’s entrepreneurs. With that in mind, there are 5 types of government loans available on top of other funding programs such as government grants and tax breaks or tax credits.
While most …Read Full Article
Can you use a personal loan for your small business?
Getting into business for yourself can take its toll financially.
The startup costs of a small business, depending on the type of business you want to do can range between $5,000 to $100,000 if not more.
As a new business owner you probably haven’t had the opportunity to build your …Read Full Article
When starting a small business in Canada, one of the first steps of getting started with your small business is to ensure that you have enough capital to be able to do so. Capital, financing, funding, money…all the same, but what is the best way of getting your small business funded?
In this article we are going to compare the …Read Full Article
Imagine applying for government funding for your small business in Canada and getting a response back “You are approved”. What better feeling is there?
The problem is that a lot of small business owners/entrepreneurs don’t know the right way to go about finding government funding. Those that do find the programs, are often denied and many times due to simple …Read Full Article
It is not the intention of the Canadian government when it comes to the business loans to create a hardship for any business owner. If …Read Full Answer
If you have ever applied for a loan before, you must be familiar with the concept of a guarantee. This is the party which undertakes to repay the loan, should you fail to do so. Small businesses in Canada can be able to obtain financing from various lenders with the government acting as their guarantor. The government created this program …Read Full Article