What happens if I get free government grants and loans for my small business and the business fails?
When you are able to get free government grants and loans from the Canadian government small loans funding programs you will be required to fill out a contract. Your responsibility will be to meet everything that you have agreed upon in that particular contract .Should the business fail in spite of all your efforts, then this is something that no doubt the Canadian government would take into account. In order to get free government grants and loans you must prove that it is a viable business, and that financial funding would certainly be supportive of it.
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