Business loans in Canada are not only offered from the bank. The government also has loans for new and existing business use. These differ in terms and eligibility requirements. This means that it is more likely that a person will find one that fits their needs, since there are a variety of loans for different purposes. Check the federal and provincial level business loan offers and compare them to see which ones may be best for your business costs.
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.