Think you know how to find business funding? Think again!

Most entrepreneurs, startups or existing business owners when in need of extra money for their business think 4 things:

1. I need to use my savings or personal lines of credit/credit cards

2. I need to ask my family/friends

3. I need to go to a bank and get a loan

4. I need a private investor

Am I right?

To find business funding for your own small business isn’t to difficult. There are a lot of sources out there that will give you money.

What you have to be careful of is the catch. Behind many “private investors”, or those “we approve everyone” type of loans are the interest rates or the conditions.

When running a small business, the last thing you want to do is to have to worry about crazy insane high interest payments or losing a percentage of your company to an investor who is there “to help financially”.

But look, don’t thin that using your own savings or personal lines or credit are bad. In fact, if you can – this is probably the best option.

It does come with risks; the risk being that it’s your own money which you are on the hook for if it goes bad.

Family and friends, a great option – but you know what they say, don’t mix your family and friends with business. Unless you have to!

Bank loans are the typical go to for everybody starting a business. That is if they aren’t aware of the one source of funding that can be much better.

Know what it could be?

Find Business Funding Via Government Funding Programs

Finding small business funding through a government funding program is often one of the most recommended ways to get your business up and running, or to expand.

The Canadian government offers hundreds of different funding programs which can help you as a small business owner.

In fact, government funding exists to help you:

• Start up or expand
• To hire and train your staff
• Pay your wages
• To help you pay for tools, supplies and equipment
• Assist with R&D
• To help you pay for marketing/advertising
• In providing you operating cash flow
• and much more…

Finding business funding isn’t too hard, if you know where to look.

While the government offers all kinds of funding programs, the most popular ones include government grants, government loans and tax breaks or tax credits.

To learn more about government condign and if you and your small business may be eligible for, give our experts a call on 1-800-288-9691

Think You Know How To Find Business Funding?

You may think you know how to find business funding but think again.

There are so many little tiny things that make one an expert in getting funding for startups or existing small businesses, that you as a business owner probably don’t need to know.

Why would you?

Think about it. If your car breaks down, you take it to a mechanic. They are the experts.

Why would “finding business funding” be any different. Are you the expert?

You may think, “I don’t need to be an expert in finding funding, just have to know where to look”, and you are right.

But did you know that 43% of small business funding applications to grants and loans are turned down/denied because of simple mistakes with the applications.

Can you afford a mistake on your application when you really need the money?

Do you have the time to invest into it all?

Probably not – so don’t stress yourself about funding applications, the search for funding and let experts help you. That’s what they do.