Are government loans or grants better for opening a small business in Canada?

There are many small business grants and loans available in Canada, but whether any will apply to your needs will depend partly on what type of small business you are opening and what types of funding you may qualify for. Some groups such as immigrants and female small business owners may have grants tailored towards helping them open a small business. It is possible that you may qualify for a grant or a special loan design to bring small business to Canada. Government loans have to be paid back to the government, whereas grants do not. However, grants are only doled out for very specific purposes.

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.