Are government grants intended for helping pay for starting businesses free?

Money received as part of Canadian national, provincial, or local government grants intended for starting new businesses are not free, because you cannot spend the money on just anything you want, and there may be additional restrictions on the program. These may include money matching stipulations or the like. When receiving such free money from government grants, part of the agreement will be to sign a contract stating the money will be used for your small business’ wants. Also, using the money for personal reasons would break this agreement, landing you in legal trouble.

Get your small business funded through government grants, loans and private investor programs. To get access to our Funding Database which has over 1,500 funding programs, become a member today.

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.