Are government loans and grants the best way to fund a new business in Toronto?

A number of small business loans and grants, especially if provided by the national government, are rarely limited to a single city such as Toronto. However, if a prospective small business owner does find a grant or a loan program geared specifically toward bringing small business to Toronto, may have an easier time attaining the funding they seek. As for which is better, grants tend to have more restrictions on their use while loans must be paid back, generally with interest. The applicant must determine which would be more appropriate for their needs.

How much funding does your small business need? Are you looking to fund your startup or existing business? Get started now with your funding search with our Funding Database. With over 1,500 funding programs and $612,676,848 in available funding, you should not wait. Register as 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.