Are Canadian government grants better than a loan?

A Canadian loan is not necessarily better than government grants available, and vice versa. Each type of funding offer is different and better in some ways than the other. The best choice for you can be better determined by looking at the eligibility requirements and intended uses of the existing financial assistance packages out there at the time of your search. Also consider the interest rates, terms and repayment schedules for loans. Look at your budget and business plan if seeking money for a business. So, that you can tell what you need funding for.

Are you ready to move forward with your business? If you need funding, you’ve come to the right place. By becoming a member of CanadaStartups, you get access to the Funding Database, the Business Plan Builder Tool, the Investor PitchDeck and the Step by Step Business Startup Guide. This is all that you need to succeed. Take a moment now and become a member. It literally takes 1 minute.

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.